The bill amends RCW 28A.300.466 to establish a grant program aimed at assisting school districts in integrating financial literacy education into professional development for certificated staff. The grants will be available for the 2023-24, 2024-25, and 2025-26 school years, providing $7.50 per enrolled student based on the district's average full-time equivalent student enrollment. Notably, the bill allows school districts to apply for and receive grants for each school year they are available, in contrast to the previous restriction that limited districts to a single grant cycle. However, the total funding received by a district cannot exceed $7.50 per enrolled student.

Additionally, the bill specifies that school districts must integrate financial literacy education into at least seven hours of their professional development schedule to qualify for the grant. It also expands eligibility to districts that already incorporate financial literacy into their professional development, provided that the program has been approved by the financial education public-private partnership. The bill outlines permissible activities for grant use, such as developing instructional strategies and facilitating training coordination, and it includes a provision for the office of the superintendent of public instruction to adopt rules for effective implementation. The section is set to expire on August 1, 2026.

Statutes affected:
Original Bill: 28A.300.466
Engrossed Bill: 28A.300.466