BILL NUMBER: AB 2546	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MARCH 17, 2016

INTRODUCED BY   Assembly Member Calderon

                        FEBRUARY 19, 2016

   An act  to amend Section 70003 of the Financial Code, 
relating to financial literacy.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2546, as amended, Calderon. California Financial Literacy
 Fund.   Fund: adviso   ry committee.

   Existing law establishes the California Financial Literacy Fund in
the State Treasury to enable partnerships with the financial
services community and governmental and nongovernmental stakeholders
to improve Californians' financial literacy.  Existing law
authorizes the Controller to convene a financial literacy advisory
committee to provide additional oversight of the fund and develop
strategies to improve financial literacy. 
   This bill would  declare the intent of the Legislature to
enact legislation to ensure the California Financial Literacy Fund is
utilized for the continuing financial education of college students
and the public.   require the Controller, on or before
July 1, 2017, to convene one or more meetings of the financial
literacy advisory committee. 
   Vote: majority. Appropriation: no. Fiscal committee:  no
  yes  . State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

   SECTION 1.    Section 70003 of the  
Financial Code   is amended to read: 
   70003.   The   On or before July 1, 2017, the
 Controller  may   shall  convene
 one or more meetings of  a financial literacy advisory
committee to provide additional oversight of the fund and develop
strategies to improve financial literacy.  If convened, the
  The  committee shall comply with the Bagley-Keene
Open Meeting Act (Article 9 (commencing with Section 11120) of
Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).

  SECTION 1.    It is the intent of the Legislature
to enact legislation that would ensure the California Financial
Literacy Fund is utilized for the continuing financial education of
college students and the public.