Cal. Welf. and Inst. Code § 18997.55

Current through the 2024 Legislative Session.

Section 18997.55 - Report; contents

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.

Ca. Welf. and Inst. Code § 18997.55

Added by Stats 2022 ch 569 (AB 156),s 57, eff. 9/27/2022.