California § 18997.57. 18997.57. (Added by Stats. 2024, Ch. 1010, Sec. 11.)

California Statutes

§ 18997.57. — 18997.57. (Added by Stats. 2024, Ch. 1010, Sec. 11.)

California § 18997.57.

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 § 18997.57. (18997.57. (Added by Stats. 2024, Ch. 1010, Sec. 11.)) 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.

Bluebook

Cal. Welfare and Institutions Code - WIC Code § 18997.57. (2026).

Text

(a)The Treasurer shall, in consultation with the board, design and disseminate information for parents, Indian custodians, and legal guardians of children and youth who are potentially eligible for the HOPE Trust Account Program to facilitate their enrollment in the program and the transfer of funds.

(b)The information disseminated pursuant to this section shall include, but not be limited to, all of the following:

(1)The mechanics of how appropriations are made to the account and how to track the balance of the account.

(2)The process and timeline for withdrawing the funds from a HOPE trust account.

(3)The process and timeline for transferring the funds to an ABLE account, as defined in Section 4875, an account opened under the CalSavers Retirement Savings Program pursuant to T

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(a)
The Treasurer shall, in consultation with the board, design and disseminate information for parents, Indian custodians, and legal guardians of children and youth who are potentially eligible for the HOPE Trust Account Program to facilitate their enrollment in the program and the transfer of funds.
(b)
The information disseminated pursuant to this section shall include, but not be limited to, all of the following:
(1)
The mechanics of how appropriations are made to the account and how to track the balance of the account.
(2)
The process and
timeline for withdrawing the funds from a HOPE trust account.
(3)
The process and timeline for transferring the funds to an ABLE account, as defined in Section 4875, an account opened under the CalSavers Retirement Savings Program pursuant to Title 21 (commencing with Section 100000) of the Government Code, or an account opened under the California Kids Investment and Development Savings Program pursuant to Article 19.5 (commencing with Section 69996) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code.
(4)
How to obtain additional information on the program.
(c)
The information disseminated pursuant to this section shall include a method for the parent, Indian custodian, or legal guardian of
an eligible child or an eligible youth to acknowledge that they have read all of the disclosures and understand their content.
(d)
The information disseminated pursuant to this section with the disclosure form shall be made available to parents, Indian custodians, or legal guardians of eligible children and to eligible youth by the program and supplied to all parents, Indian custodians, or legal guardians of eligible children and to eligible youth gaining access to their HOPE trust account.
(e)
The information disseminated pursuant to this section with the disclosure form shall be supplied to parents, Indian custodians, or legal
guardians of eligible children and to eligible youth when the program is initially launched.
(f)
If the Treasurer deems it necessary, the Treasurer may establish an enrollment period for eligible children who are not automatically enrolled, if this information is provided in the information disseminated pursuant to this section.