Welf. & Inst. Code, § 18997.55 · Chapter 16.1. The California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Act
Welf. & Inst. Code, § 18997.55
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Added by Stats. 2022, Ch. 569, Sec. 57. (AB 156) Effective September 27, 2022.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WIC§ionNum=18997.55.
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- sha256 265c542029c65d01a6d84a7e585051376210c491ea05df3552cabbf36ae0d76b
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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