Loading chat...
NJ S3727
Bill
Status
10/7/2024
Primary Sponsor
Owen Henry
Click for details
AI Summary
-
Establishes a grant program administered by the Commissioner of Banking and Insurance to fund nonprofit organizations that develop and provide financial literacy classes
-
Grants are capped at $5,000 per financial nonprofit organization to create personal finance courses for high school, college, and adult education communities
-
Required course topics include budgeting, establishing and using credit responsibly, understanding auto and mortgage loans, personal taxes, and introduction to investing in securities and stocks
-
Appropriates $100,000 from the General Fund to implement the program
-
Takes effect on the first day of the seventh month following enactment and expires one year after all appropriated funds are spent
Legislative Description
Provides grants to nonprofit organizations that provide financial literacy classes; appropriates $100,000.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
10/7/2024