Establishes the state financial literacy fund to provide grants for financial literacy programs for at-risk populations in New York.
The bill establishes the state financial literacy fund, which will provide funding for project grants to organizations to create financial capability and literacy programs, products, content, and services for at-risk populations in New York. The fund will be managed by the state comptroller, the attorney general, and the commissioner of taxation and finance. The attorney general will establish application criteria for organizations seeking grants. The fund will receive moneys collected by the state from courts and other sources.
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