(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.
(Added by Stats. 2011, Ch. 612, Sec. 1. (AB 597) Effective January 1, 2012.)