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CA AB2821

Bill

Status

Passed

8/22/2022

Primary Sponsor

Adrin Nazarian

Click for details

Origin

State Assembly

2021-2022 Session

AI Summary

  • Delays the Scholarshare Investment Board's initial reporting deadline for the California Kids Investment and Development Savings (KIDS) Program from June 30, 2022 to June 30, 2023.

  • Requires annual reports to the Department of Finance and Legislature containing program expenditure details, number of accounts opened, contribution amounts, parental engagement metrics, and investment returns.

  • Directs the board to include demographic information (ethnicity, gender, family income) in reports when available and without identifying individuals.

  • Takes effect immediately as an urgency statute to allow the board time to gather relevant data for its reporting deadline.

Legislative Description

California Kids Investment and Development Savings Program.

Last Action

Chaptered by Secretary of State - Chapter 164, Statutes of 2022.

8/22/2022

Committee Referrals

Appropriations6/8/2022
Education5/25/2022
Rules5/12/2022
Appropriations4/20/2022
Higher Education3/24/2022

Full Bill Text

No bill text available