New Jersey S483 establishes a grant program for nonprofits to provide financial literacy classes, appropriating $100,000.
New Jersey S483 creates a grant program for nonprofit organizations that offer financial literacy classes. The bill aims to address the shortage of personal finance education in schools, colleges, and adult education. The Commissioner of Banking and Insurance will manage the program, providing grants of up to $5,000 to eligible nonprofits. The classes will cover topics such as budgeting, credit management, and investing. The bill appropriates $100,000 from the General Fund to support this initiative.
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