BILL NUMBER: AB 2546AMENDED 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 LiteracyFund.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 woulddeclare 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:noyes . 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.TheOn or before July 1, 2017, the Controllermayshall 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, theThe 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.