Earlier editions: 2020-112018-11
DIVISION 9. PUBLIC SOCIAL SERVICES 10000-18999.98›PART 6. MISCELLANEOUS PROVISIONS 18000-18999.98›CHAPTER 16.1. The California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Act 18997.5-18997.61
§ 18997.55
California Welfare and Institutions Code · 2026 edition · updated 2026-10-04 · California
On or before February 1, 2024, the board shall submit a report to the Department of Finance and the Legislature, pursuant to Section 9795 of the Government Code, that includes, at a minimum, recommendations of the board on all of the following:
(a) A detailed plan for implementing the program and establishing and maintaining HOPE trust accounts for an eligible child or eligible youth that maximizes their participation and their autonomous wealth-building capacity.
(b) The anticipated number of HOPE trust accounts to be opened and initial deposit amounts.
(c) A description of the efforts to be used to solicit philanthropic or nonstate moneys to support the program.
(d) Further statutory and budget allocations.
(Added by Stats. 2022, Ch. 569, Sec. 57. (AB 156) Effective September 27, 2022.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code