California Welfare and Institutions Code

§ 18997.55

WIC § 18997.55 Effective Sep 27, 2022Div. 9 · Part 6 · Ch. 16.1

Statute text

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.

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Legislative history

Added by Stats. 2022, Ch. 569, Sec. 57. (AB 156) Effective September 27, 2022.