Welfare and Institutions Code section 18997.55

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.