BILL NUMBER: AB 1950	ENROLLED
	BILL TEXT

	PASSED THE ASSEMBLY  AUGUST 29, 2006
	PASSED THE SENATE  AUGUST 28, 2006
	AMENDED IN SENATE  AUGUST 22, 2006
	AMENDED IN SENATE  AUGUST 16, 2006
	AMENDED IN ASSEMBLY  MAY 26, 2006

INTRODUCED BY   Assembly Member Lieu
   (Principal coauthor: Assembly Member Calderon)
   (Coauthor: Assembly Member Wyland)

                        FEBRUARY 2, 2006

   An act to add Section 51220.7 to the Education Code, relating to
pupil instruction.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1950, Lieu  Instruction: economics.
   Existing law requires a school district, as part of its adopted
course of study for grades 7 to 12, inclusive, to offer courses in
specified areas of study, including, among others, social sciences,
drawing upon the disciplines of anthropology, economics, geography,
history, political science, psychology, and sociology.
   This bill would authorize a school district, in providing
instruction in economics, to include instruction related to the
understanding of personal finances, including, but not limited to,
budgeting, savings, credit, and identity theft. The bill would
encourage the State Department of Education to develop a model
personal finance curriculum for these purposes, and would encourage
the department to consult with financial institutions and
organizations, as specified, for the purpose of formulating the model
curriculum.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 51220.7 is added to the Education Code, to
read:
   51220.7.  (a) In providing instruction in economics, pursuant to
subdivision (b) of Section 51220, a school district may include
instruction related to the understanding of personal finances,
including, but not limited to, budgeting, savings, credit, and
identity theft.
   (b) The Legislature encourages the department to develop a model
personal finances curriculum for adoption by school districts. In
developing the model curriculum, the department is encouraged to
consult with financial institutions and organizations that provide
instructional programs and seminars in personal finance.