CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 15Introduced by Assembly Members Nazarian, McCarty, and TingDecember 03, 2018 An act to add Title 19.5 (commencing with Section 99200) to the Government Code, relating to savings accounts. LEGISLATIVE COUNSEL'S DIGESTAB 15, as introduced, Nazarian. Childrens Savings Account Program.Existing law establishes the Every Kid Counts College Savings Program, which requires the Student Aid Commission to implement and administer a grant program that supports local governments and other entities that sponsor one or more comprehensive citywide or regional childrens savings account programs to help families, especially low-income families with young children, establish and maintain college savings accounts.This bill would express the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Title 19.5 (commencing with Section 99200) is added to the Government Code, to read:TITLE 19.5. Childrens Savings Account Program99200. It is the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 15Introduced by Assembly Members Nazarian, McCarty, and TingDecember 03, 2018 An act to add Title 19.5 (commencing with Section 99200) to the Government Code, relating to savings accounts. LEGISLATIVE COUNSEL'S DIGESTAB 15, as introduced, Nazarian. Childrens Savings Account Program.Existing law establishes the Every Kid Counts College Savings Program, which requires the Student Aid Commission to implement and administer a grant program that supports local governments and other entities that sponsor one or more comprehensive citywide or regional childrens savings account programs to help families, especially low-income families with young children, establish and maintain college savings accounts.This bill would express the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill No. 15
Introduced by Assembly Members Nazarian, McCarty, and TingDecember 03, 2018
Introduced by Assembly Members Nazarian, McCarty, and Ting
December 03, 2018
An act to add Title 19.5 (commencing with Section 99200) to the Government Code, relating to savings accounts.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 15, as introduced, Nazarian. Childrens Savings Account Program.
Existing law establishes the Every Kid Counts College Savings Program, which requires the Student Aid Commission to implement and administer a grant program that supports local governments and other entities that sponsor one or more comprehensive citywide or regional childrens savings account programs to help families, especially low-income families with young children, establish and maintain college savings accounts.This bill would express the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.
Existing law establishes the Every Kid Counts College Savings Program, which requires the Student Aid Commission to implement and administer a grant program that supports local governments and other entities that sponsor one or more comprehensive citywide or regional childrens savings account programs to help families, especially low-income families with young children, establish and maintain college savings accounts.
This bill would express the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Title 19.5 (commencing with Section 99200) is added to the Government Code, to read:TITLE 19.5. Childrens Savings Account Program99200. It is the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Title 19.5 (commencing with Section 99200) is added to the Government Code, to read:TITLE 19.5. Childrens Savings Account Program99200. It is the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.
SECTION 1. Title 19.5 (commencing with Section 99200) is added to the Government Code, to read:
### SECTION 1.
TITLE 19.5. Childrens Savings Account Program99200. It is the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.
TITLE 19.5. Childrens Savings Account Program99200. It is the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.
TITLE 19.5. Childrens Savings Account Program
TITLE 19.5. Childrens Savings Account Program
99200. It is the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.
99200. It is the intent of the Legislature to enact future legislation to establish a universal statewide childrens savings account program, established for each child at entrance into kindergarten, to ensure that Californias children and families save, build assets, and achieve economic mobility.