By: Veasey (Senate Sponsor - Rodriguez) H.B. No. 2615
(In the Senate - Received from the House April 27, 2011;
May 3, 2011, read first time and referred to Committee on Business
and Commerce; May 10, 2011, reported favorably by the following
vote: Yeas 9, Nays 0; May 10, 2011, sent to printer.)
A BILL TO BE ENTITLED
AN ACT
relating to the provision of information on financial literacy
resources to the public.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 14, Finance Code, is
amended by adding Section 14.1025 to read as follows:
Sec. 14.1025. FINANCIAL LITERACY PROGRAM INFORMATION. (a)
In this section:
(1) "Financial literacy" means proficiency at
managing personal finances.
(2) "Health and human services agencies" has the
meaning assigned by Section 531.001, Government Code.
(b) The commissioner shall collect information on programs,
including classes, and other resources available to the public that
focus on teaching financial literacy, compile the information into
a one-page document, and post the document on the office's Internet
website.
(c) A health and human services agency shall ensure that the
document under Subsection (b) is offered to persons who receive
services from the agency at locations at which those persons
frequently access services provided by the agency.
(d) The commissioner shall periodically update the
information contained in the document described by Subsection (b).
SECTION 2. The Office of Consumer Credit Commissioner shall
produce and publish on the office's Internet website the document
required by Section 14.1025, Finance Code, as added by this Act, not
later than December 1, 2011.
SECTION 3. This Act takes effect September 1, 2011.
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