Sec. 12.1085.  FINANCIAL LITERACY PROGRAM.  (a)  The department shall seek to improve the financial literacy and education of persons in this state and to encourage access to mainstream financial products and services by persons who have not previously participated in the conventional finance system, by:
(1)  coordinating, encouraging, and aiding banks in the development and promotion of financial literacy and education programs and community outreach;
(2)  serving as a clearinghouse of information about financial literacy and education programs;
(3)  creating and maintaining a resource bank of materials pertaining to financial literacy; and
(4)  promoting replication of best practices and exemplary programs that foster financial literacy and education.
(b)  The department may solicit and accept a gift, grant, or donation from any source, including a foundation, private entity, governmental entity, or institution of higher education, to assist in the implementation of this section.
Added by Acts 2007, 80th Leg., R.S., Ch. 110 (H.B. 2007), Sec. 1, eff. September 1, 2007.