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CA AB2821
Bill
Status
8/22/2022
Primary Sponsor
Adrin Nazarian
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AI Summary
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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.
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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.
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Directs the board to include demographic information (ethnicity, gender, family income) in reports when available and without identifying individuals.
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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