72-7535. Personal financial literacy programs; development and implementation.

72-7535

Chapter 72.--SCHOOLS Article 75.--STATE BOARD OF EDUCATION

      72-7535.   Personal financial literacy programs;development and implementation.(a) In order to equip students with the knowledge and skillsneeded to become self-supporting and to enable students to make criticaldecisions regarding personal finances, the state board of education shallauthorize and assist in the implementation of programs on teaching personalfinancial literacy.

      (b)   The state board of education shall develop a curriculum, materials andguidelines that local boards of educationandgoverning authorities of accredited nonpublic schoolsmay use in implementing the programofinstruction on personal financial literacy.The state board of education shall adopt a glossary of personal financialliteracy terms which shall be used by school districts when implementing theprogram on personal financial literacy.

      (c)   The state board of education shall develop state curriculumstandards forpersonal financial literacy, for all grade levels, within the existingmathematics curriculum or another appropriate subject-matter curriculum.

      (d)   The state board of education shall encourage school districts whenselecting textbooks for mathematics, economics, family andconsumer science, accountingor other appropriatecourses, to selectthose textbooks which contain substantive provisions on personal finance,including personal budgeting, credit, debt management andother topics concerningpersonal financial literacy.

      (e)   The state board of education shall include questions relating topersonal financial literacy in the statewide assessments for mathematics orsocial studies required under K.S.A. 72-6439, and amendments thereto. When thestatewide assessments for mathematics or social studies are reviewed orrewritten, the state board of education shall examine the questions relating topersonal financial literacy and rewrite such questions in order to determine ifprograms on personal financial literacy are equipping students with theknowledge and skills needed to become self-supporting and enabling studentsto make critical decisions regarding personal finances.

      History:   L. 2003, ch. 39, § 1;L. 2009, ch. 130, § 2; July 1.