Bill > SB546

This bill repeals the provisions that established and governed the California Financial Literacy Fund, which was intended to improve financial literacy in the state through partnerships and was administered by the Controller. The fund allowed for private donations and required annual reporting on its use. The bill also repeals provisions related to how boards of directors for common interest developments (like homeowners associations) review financial documents, specifically removing the allowance for individual board members or a subcommittee to review documents independently of a full board meeting, provided it was later ratified.

Budget and Finance, Business and Industry, Housing and Urban Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB546