California § 18997.5. 18997.5. (Added by Stats. 2022, Ch. 569, Sec. 57.)

California Statutes

§ 18997.5. — 18997.5. (Added by Stats. 2022, Ch. 569, Sec. 57.)

California § 18997.5.

Code WICWelfare and Institutions Code - WIC

Div. 9.DIVISION 9. PUBLIC SOCIAL SERVICES

Part 6.PART 6. MISCELLANEOUS PROVISIONS

Ch. 16.1.CHAPTER 16.1. The California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Act

This text of California § 18997.5. (18997.5. (Added by Stats. 2022, Ch. 569, Sec. 57.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Welfare and Institutions Code - WIC Code § 18997.5. (2026).

Text

(a)This chapter shall be known, and may be cited, as the California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Act.

(b)The California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Program is hereby established for the purpose of providing an eligible child with a trust account pursuant to this chapter.

(c)This chapter shall be construed liberally in order to effectuate its legislative intent of creating opportunities, economic autonomy, and hope, and to promote intergenerational wealth and asset building for an eligible child and eligible youth as one of the many strategies California must employ to reverse our state’s record level of inequality. The purposes of this chapter and all of its provisions with

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(a)
This chapter shall be known, and may be cited, as the California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Act.
(b)
The California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Program is hereby established for the purpose of providing an eligible child with a trust account pursuant to this chapter.
(c)
This chapter shall be construed liberally in order to effectuate its legislative intent of creating opportunities, economic autonomy, and hope, and to promote intergenerational wealth and asset building for an eligible child and eligible youth as one of the many strategies California must employ to
reverse our state’s record level of inequality. The purposes of this chapter and all of its provisions with respect to the powers granted shall be broadly interpreted to effectuate that intent and those purposes and not as to any limitation of powers.