70001
Effective Jan 1, 2012Added by Stats. 2011, Ch. 612, Sec. 1. (AB 597) Effective January 1, 2012.
- (a) The California Financial Literacy Fund is hereby established in the State Treasury. The fund shall be administered by the Controller.
- (b) The purpose of the fund is to enable partnerships with the financial services community and governmental and nongovernmental stakeholders to improve Californians’ financial literacy.
- (c) Funds not appropriated within 18 months of being contributed to the fund shall be returned in full to the contributor.