Establishes the state financial literacy fund to provide grants for financial capability and literacy programs for at-risk populations in New York.
New York S03069 creates the state financial literacy fund, managed by the state comptroller, attorney general, and commissioner of taxation and finance. The fund will provide grants to organizations for financial capability and literacy programs, products, content, and services targeting at-risk populations. The fund will consist of moneys collected from courts and other sources. Organizations receiving grants must promote economic security, include an evaluation component, and submit annual reports to the attorney general.
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