(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 subsection
(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.
(5) The members of the partnership shall be appointed by
August 1, 2011.
(6) Legislative members of the partnership shall receive per
diem and travel under RCW 44.04.120.
(7) Travel and other expenses of members of the partnership
shall be provided by the agency, association, or organization
that member represents.
(8) This section shall be implemented to the extent funds
are available.
[2011 c 262 § 1; 2009 c 443 § 1; 2004 c 247 § 2.]
NOTES:
Findings -- Intent -- 2004 c 247: "The legislature recognizes
that the average high school student lacks a basic knowledge of
personal finance. In addition, the legislature recognizes the
damaging effects of not properly preparing youth for the
financial challenges of modern life, including bankruptcy, poor
retirement planning, unmanageable debt, and a lower standard of
living for Washington families.
The legislature finds that the purpose of the state's system
of public education is to help students acquire the skills and
knowledge they will need to be productive and responsible 21st
century citizens. The legislature further finds that
responsible citizenship includes an ability to make wise
financial decisions. The legislature further finds that
financial literacy could easily be included in lessons, courses,
and projects that demonstrate each student's understanding of the
state's four learning goals, including goal four: Understanding
the importance of work and how performance, effort, and decisions
directly affect future opportunities.
The legislature intends to assist school districts in their
efforts to ensure that students are financially literate through
identifying critical financial literacy skills and knowledge,
providing information on instructional materials, and creating a
public-private partnership to help provide instructional tools
and professional development to school districts that wish to
increase the financial literacy of their students." [2004 c 247
§ 1.]