| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | LCO No. 4512 1 of 2 | |
| 5 | 5 | ||
| 6 | 6 | General Assembly Raised Bill No. 6661 | |
| 7 | 7 | January Session, 2021 | |
| 8 | 8 | LCO No. 4512 | |
| 9 | 9 | ||
| 10 | 10 | ||
| 11 | 11 | Referred to Committee on APPROPRIATIONS | |
| 12 | 12 | ||
| 13 | 13 | ||
| 14 | 14 | Introduced by: | |
| 15 | 15 | (APP) | |
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | ||
| 20 | 20 | AN ACT CONCERNING TH E ESTABLISHMENT OF A FINANCIAL | |
| 21 | 21 | LITERACY TRUST FUND. | |
| 22 | 22 | Be it enacted by the Senate and House of Representatives in General | |
| 23 | 23 | Assembly convened: | |
| 24 | 24 | ||
| 25 | 25 | Section 1. (NEW) (Effective from passage) (a) There is established a fund 1 | |
| 26 | 26 | to be known as the "Financial Literacy Trust Fund" to promote the 2 | |
| 27 | 27 | financial literacy of residents of the state, which shall be a nonlapsing 3 | |
| 28 | 28 | fund held by the Treasurer separate and apart from all other moneys, 4 | |
| 29 | 29 | funds and accounts. The trust fund shall constitute an instrumentality 5 | |
| 30 | 30 | of the state and shall perform essential governmental functions. The 6 | |
| 31 | 31 | trust fund shall receive and hold all payments and deposits or 7 | |
| 32 | 32 | contributions intended for the trust fund, including gifts, bequests, 8 | |
| 33 | 33 | endowments or federal, state or local grants and any other funds from 9 | |
| 34 | 34 | any public or private source and all earnings until disbursed in 10 | |
| 35 | 35 | accordance with this act. 11 | |
| 36 | 36 | (b) The Treasurer shall use the funds deposited into the Financial 12 | |
| 37 | 37 | Literacy Trust Fund for the purpose of promoting and raising awareness 13 | |
| 38 | 38 | of financial literacy to residents of the state. 14 Raised Bill No. 6661 | |
| 39 | 39 | ||
| 40 | 40 | ||
| 41 | 41 | ||
| 42 | 42 | LCO No. 4512 2 of 2 | |
| 43 | 43 | ||
| 44 | 44 | This act shall take effect as follows and shall amend the following | |
| 45 | 45 | sections: | |
| 46 | 46 | ||
| 47 | 47 | Section 1 from passage New section | |
| 48 | 48 | ||
| 49 | 49 | Statement of Purpose: | |
| 50 | 50 | To establish the Financial Literacy Trust Fund to be used by the | |
| 51 | 51 | Treasurer to promote and raise awareness of financial literacy to state | |
| 52 | 52 | residents. | |
| 53 | 53 |