California Financial Literacy Fund.

Existing law establishes the California Financial Literacy Fund in the State Treasury for the purpose of enabling partnerships with the financial services community and governmental and nongovernmental stakeholders to improve the financial literacy of Californians. Existing law requires the fund to be administered by the Controller. Existing law authorizes the Controller to convene a financial literacy advisory committee to provide oversight of the fund and to develop strategies to improve financial literacy. This bill would make a nonsubstantive change in the provision governing the formation of a financial literacy advisory committee.