R277-704-1. Authority and Purpose

  (1) This rule is authorized by:

  (a) Utah Constitution Article X, Section 3 which vests general control and supervision over public education in the Board;

  (b) Subsection 53E-3-401(4), which allows the Board to make rules to execute the Board's duties and responsibilities under the Utah Constitution and state;

  (c) Section 53E-3-505, which directs the Board to work with financial and economic experts and private and non-profit entities to develop and integrate financial and economic literacy and skills into the public school curriculum at all appropriate levels.

  (2) The purpose of this rule is:

  (a) to provide funds appropriated by the Legislature to develop and integrate financial and economic literacy concepts effectively into the core curriculum in various programs and at various grade levels;

  (b) to provide for educator professional development using business and community expertise;

  (c) to provide curriculum resources and assessments for financial and economic literacy;

  (d) to provide simple and consistent messaging to students that becomes part of the core curriculum that reinforces the importance of financial and economic literacy for students and parents; and

  (e) to help students and parents to locate and use school and community resources to improve financial and economic literacy among students and families.