100100. As used in this title: (a) “CalAccount Program” means the proposed program described in paragraph (1) of subdivision (a) of Section 100104. (b) “Commission” means the CalAccount Blue Ribbon Commission convened pursuant to Section 100102. (Added by Stats. 2021, Ch. 451, Sec. 3. (AB 1177) Effective January 1, 2022. Conditionally operative pursuant to Section 100106. Repealed […]
100102. (a) On or before September 1, 2022, the Treasurer shall convene the CalAccount Blue Ribbon Commission. The commission shall be composed of all of the following members: (1) The Treasurer or the Treasurer’s designee. (2) The Commissioner of the Department of Financial Protection and Innovation or that person’s designee. (3) An individual with banking expertise, particularly expertise in […]
100104. (a) (1) On or before July 1, 2024, the commission shall conduct, pursuant to subdivision (b), and deliver, pursuant to subdivision (f), a market analysis to determine if it is feasible to implement a “CalAccount Program,” which, if implemented, would have all of the following characteristics: (A) Would be a program established by the state for the […]
100106. This title shall become operative only upon an appropriation by the Legislature in the Budget Act or another statute for the purpose of implementing this title. (Added by Stats. 2021, Ch. 451, Sec. 3. (AB 1177) Effective January 1, 2022. Repealed as of January 1, 2032, pursuant to Section 100108.)
100108. This title shall remain in effect until January 1, 2032, and as of that date is repealed. (Added by Stats. 2021, Ch. 451, Sec. 3. (AB 1177) Effective January 1, 2022. Repealed as of January 1, 2032, by its own provisions. Note: Repeal affects Title 21.1, commencing with Section 100100.)
