AB 842: Paradise Unified School District: school construction funding.
The bill would provide $21,500,000 from the general fund to the paradise unified school district to complete construction of schools damaged by the 2018 camp fire. The funds would be used to meet the minimum funding requirements for school districts and community college districts as established by the California Constitution. The bill would also make legislative findings and declarations regarding the need for a special statute for the paradise unified school district.
| Feb. 02, 2026 | From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. |
| Jan. 31, 2026 | Died pursuant to Art. IV, Sec. 10(c) of the Constitution. |
| Mar. 18, 2025 | In committee: Hearing postponed by committee. |
| Mar. 06, 2025 | Re-referred to Com. on ED. |
| Mar. 05, 2025 | From committee chair, with author's amendments: Amend, and re-refer to Com. on ED. Read second time and amended. |
| Amended IN Assembly March 05, 2025 |
| Introduced by Assembly Member Gallagher |
February 19, 2025 |
LEGISLATIVE COUNSEL'S DIGEST
Existing law requires the adopted course of study for grades 1 to 6, inclusive, to offer instruction in, and for grades 7 to 12, inclusive, to offer courses in, specified areas of study, including social sciences. Existing law establishes the Instructional Quality Commission and requires the commission to, among other things, recommend curriculum frameworks to the State Board of Education. Existing law requires the state board, concurrently with, but not before, the next revision of textbooks or curriculum frameworks in the social sciences, health, and mathematics curricula, to ensure that these academic areas integrate components of, among other things, financial literacy. Notwithstanding that requirement on the state board, existing law requires the commission, when the history-social science curriculum framework is revised after January 1, 2017, to consider including age-appropriate information for kindergarten and grades 1 to 12, inclusive, regarding certain topics on financial literacy.
This bill would require the commission, when the history-social science curriculum framework is revised after January 1, 2026, to also consider including age-appropriate information and content for kindergarten and grades 1 to 12, inclusive, on the importance of estate planning and the use of trusts.
The people of the State of California do enact as follows:
SECTION 1.
The sum of twenty-one million five hundred thousand dollars ($21,500,000) is hereby appropriated from the General Fund to the Paradise Unified School District for the purpose of completing construction of schools damaged by the Camp Fire of 2018.SEC. 2.
The Legislature finds and declares that a special statute is necessary and that a general statute cannot be made applicable within the meaning of Section 16 of Article IV of the California Constitution because of the unique circumstances concerning the recovery of the City of Paradise from the devastating Camp Fire and its impact on the Paradise Unified School District.Notwithstanding Section 51284, when the history-social science curriculum framework is revised after January 1, 2017, the Instructional Quality Commission shall consider including both of the following:
(a)Age-appropriate information for grade spans, as listed in paragraphs (1) to (3), inclusive, of subdivision (b), on financial literacy that includes, but is not limited to, all of the following:
(1)Fundamentals of banking for personal use, including, but not limited to, savings and checking and managing to minimize fees.
(2)Principles of budgeting for independent living.
(3)Employment and understanding factors that affect net income, including the topics described in subdivision (a) of Section 49110.5.
(4)Uses and effects of credit, including managing credit scores and the relation of debt and interest to credit.
(5)Uses and costs of loans, including student loans, as well as policies that provide student loan forgiveness.
(6)Types and costs of insurance, including home, auto, health, and life insurance.
(7)Impacts of the tax system, including its impact on personal income, the process to file taxes, and how to read tax forms and pay stubs.
(8)Principles of investing and building wealth, including investment alternatives to build financial security, including tax-advantaged investments such as pensions and 401(k) plans, individual retirement accounts (IRAs), and stocks, bonds, mutual funds, and index funds.
(9)Enhancing consumer protection skills by raising awareness of common scams and frauds and preventing identity theft.
(10)Identifying means to finance college, workforce education, low-cost community college options, and other career technical educational pathways or apprenticeships. Financing options covered may include scholarships, merit aid, and student loans.
(11)Understanding how psychology can impact one’s financial well-being.
(12)Charitable giving.
(13)Other topics that are directly and specifically relevant to personal finance.
(14)The importance of estate planning and the use of trusts.
(b)Age-appropriate content related to the topics listed in paragraphs (1) to (14), inclusive, of subdivision (a), at least twice in each of the following grade spans:
(1)Kindergarten and grades 1 to 5, inclusive.
(2)Grades 6 to 8, inclusive.
(3)Grades 9 to 12, inclusive.