Welfare and Institutions Code § 18997.55
CHAPTER 16.1. The California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Act
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.