1. (a) With the consent of the HOPE Board of Directors, the HOPE Executive Director will establish or modify the amount and timing of annual deposits to HOPE trust accounts to maximize the number of Program Enrollees, participation by Eligible Children and their autonomous wealth-building capacity, and the amount of funds deposited per account based on consideration of all of the following criteria:

   1. (1) The number and age distribution of Program Enrollees;
   2. (2) Money available from the HOPE Fund and any other sources that may be used to make deposits in HOPE trust accounts;
   3. (3) Ensuring that Eligible Youth will be able to withdraw the maximum amount possible from their HOPE trust accounts upon reaching 18 years of age in amounts that adjust for inflation after calendar year 2025; and
   4. (4) Grants, gifts, appropriations, and other money received from federal, state, or local government or any other person, firm, partnership, corporation, or other entity for deposit to the fund.

Note: Authority cited: Sections 18997.5 and 18997.52, Welfare and Institutions Code. Reference: Sections 18997.51 and 18997.52, Welfare and Institutions Code.

History

1. New section filed 8-26-2025; operative 10-1-2025 (Register 2025, No. 35).