| Passed by the House April 15, 2011 Yeas 96 FRANK CHOPP ________________________________________ Speaker of the House of Representatives Passed by the Senate April 12, 2011 Yeas 48 BRAD OWEN ________________________________________ President of the Senate | I, Barbara Baker, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1594 as passed by the House of Representatives and the Senate on the dates hereon set forth. BARBARA BAKER ________________________________________ Chief Clerk | |
| Approved May 5, 2011, 10:07 a.m. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington | May 6, 2011 Secretary of State State of Washington |
| State of Washington | 62nd Legislature | 2011 Regular Session |
Read first time 01/26/11. Referred to Committee on Education.
AN ACT Relating to the membership and work of the financial education public-private partnership; and amending RCW 28A.300.450 and 28A.300.462.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 28A.300.450 and 2009 c 443 s 1 are each amended to
read as follows:
(1) A financial education public-private partnership is
established, composed of the following members:
(a) Four members of the legislature, with one member from each
caucus of the house of representatives appointed for a two-year term of
service by the speaker of the house of representatives, and one member
from each caucus of the senate appointed for a two-year term of service
by the president of the senate;
(b) Four representatives from the private for-profit and nonprofit
financial services sector, including at least one representative from
the jumpstart coalition, to be appointed for a staggered two-year term
of service by the governor;
(c) Four teachers to be appointed for a staggered two-year term of
service by the superintendent of public instruction, with one each
representing the elementary, middle, secondary, and postsecondary
education sectors;
(d) A representative from the department of financial institutions
to be appointed for a two-year term of service by the director;
(e) Two representatives from the office of the superintendent of
public instruction, with one involved in curriculum development and one
involved in teacher professional development, to be appointed for a
staggered two-year term of service by the superintendent.
(2) The chair of the partnership shall be selected by the members
of the partnership from among the legislative members.
(3) One-half of the members appointed under subsections (1)(b),
(c), and (e) of this section shall be appointed for a one-year term
beginning August 1, 2011, and a two-year term thereafter.
(4) To the extent funds are appropriated or are available for this
purpose, the partnership may hire a staff person who shall reside in
the office of the superintendent of public instruction for
administrative purposes. Additional technical and logistical support
may be provided by the office of the superintendent of public
instruction, the department of financial institutions, the
organizations composing the partnership, and other participants in the
financial education public-private partnership.
(((4))) (5) The members of the partnership shall be appointed by
August 1, ((2009)) 2011.
(((5))) (6) Legislative members of the partnership shall receive
per diem and travel under RCW 44.04.120.
(((6))) (7) Travel and other expenses of members of the partnership
shall be provided by the agency, association, or organization that
member represents.
(((7))) (8) This section shall be implemented to the extent funds
are available.
Sec. 2 RCW 28A.300.462 and 2009 c 443 s 3 are each amended to
read as follows:
(1) School districts are encouraged to voluntarily adopt the
jumpstart coalition national standards in K-12 personal finance
education and provide students with an opportunity to master the
standards.
(2) Subject to funds appropriated specifically for this purpose,
the office of the superintendent of public instruction and the
financial education public-private partnership shall provide technical
assistance and grants to support demonstration projects for district-wide adoption and implementation of the financial education learning
standards under this section.
(((2))) (3) School districts may apply on a competitive basis to
participate as a demonstration project. The office and the partnership
shall select up to four school districts as demonstration projects,
with two districts located in eastern Washington and two districts
located in western Washington, if possible.
(((3))) (4) Selected districts must:
(a) Adopt the jumpstart coalition national standards in K-12
personal finance education as the essential academic learning
requirements for financial education and provide students with an
opportunity to master the standards;
(b) Make a commitment to integrate financial education into
instruction at all grade levels and in all schools in the district;
(c) Establish local partnerships within the community to promote
financial education in the schools; and
(d) Conduct pre and posttesting of students' financial literacy.
(((4))) (5) The office of the superintendent of public instruction,
with the advice of the financial education public-private partnership,
shall provide assistance to the demonstration projects regarding
curriculum, professional development, and innovative instructional
programs to implement the financial education standards.
(((5))) (6) The selected districts must report findings and results
of the demonstration project to the office of the superintendent of
public instruction and appropriate committees of the legislature ((by
April 30, 2011)) annually.