SB 1292 Summary

• Adds a new duty for the state treasurer to promote and raise awareness of financial literacy to Arizona residents.

• Establishes the state treasurer's financial literacy fund to receive legislative appropriations and other lawful public or private sources for promoting financial literacy.

• Fund monies are continuously appropriated, exempt from lapsing appropriations provisions, and investment earnings are credited back to the fund.

• State treasurer administers the fund and invests/divests monies according to standard state investment procedures.