{"code":"WIC","codeName":"Welfare and Institutions Code","section":"18997.55","citation":"Welf. & Inst. Code, § 18997.55","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 9. PUBLIC SOCIAL SERVICES [10000. - 18999.98.]","url":"https://blackletter.si/welfare-and-institutions-code/division-9"},{"name":"PART 6. MISCELLANEOUS PROVISIONS [18000. - 18999.98.]","url":"https://blackletter.si/welfare-and-institutions-code/division-9/part-6"},{"name":"CHAPTER 16.1. The California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Act [18997.5. - 18997.61.]","url":"https://blackletter.si/welfare-and-institutions-code/division-9/part-6/chapter-16.1"}],"history":"Added by Stats. 2022, Ch. 569, Sec. 57.   (AB 156)   Effective September 27, 2022.","effective":"2022-09-27","html":"<p>On or before February 1, 2024, the board shall submit a report to the Department of Finance and the Legislature, pursuant to Section <a href=\"/gov/9795\">9795</a> of the Government Code, that includes, at a minimum, recommendations of the board on all of the following:</p><p>(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.</p><p>(b) The anticipated number of HOPE trust accounts to be opened and initial deposit amounts.</p><p>(c) A description of the efforts to be used to solicit philanthropic or nonstate moneys to support the program.</p><p>(d) Further statutory and budget allocations.</p>","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. (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.","otherVersions":[],"url":"https://blackletter.si/welfare-and-institutions-code/the-california-hope-opportunity-perseverance-and-empowerment-18997-55","source":"California Legislative Information bulk export (pubinfo)"}