Bill Text: CA AB2004 | 2019-2020 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Medical test results: verification credentials.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Vetoed) 2020-09-26 - Vetoed by Governor. [AB2004 Detail]

Download: California-2019-AB2004-Introduced.html

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CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill

No. 2004

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Introduced by Assembly Member Calderon

January 28, 2020

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An act to amend Section 70001 of the Financial Code, relating to financial literacy.

LEGISLATIVE COUNSEL'S DIGEST

AB 2004, as introduced, Calderon. California Financial Literacy Fund.

Existing law establishes the California Financial Literacy Fund in the State Treasury for the purpose of enabling partnerships with the financial services community and governmental and nongovernmental stakeholders to improve Californians’ financial literacy. Under existing law, the Controller administers the fund.

This bill would make a nonsubstantive change to those provisions.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 70001 of the Financial Code is amended to read:

70001.

 (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.