Cal. Code Regs. tit. 5, § 31010 – Definitions Applicable to California Kids Investment and Development Savings Program.

(a) The following definitions shall apply within this Chapter:
1. (1) All definitions as stated in Education Code 69996.2.
2. (2) “CalKIDS Account” shall have the same meaning as “KIDS Account” as described in Education Code 69996.2.
3. (3) “Owner” means the ScholarShare Investment Board.
4. (4) “Financial Incentive” means any additional funds placed into a CalKIDS account not including a seed deposit or enhanced deposit.
5. (5) “Engage” means interacting with the CalKIDS Program by viewing a Beneficiary's CalKIDS Account, linking a ScholarShare 529 account to a CalKIDS Account, or taking an action which could illicit a financial incentive if funds are available.

Note: Authority cited: Section 69996.4, Education Code. Reference: Section 69996.2, Education Code.

History

1. New chapter 3 (sections 31010-31018) and section filed 8-15-2022; operative 8-15-2022 pursuant to Government Code section 11343.4(b)(3) (Register 2022, No. 33).

2. New subsection (a)(5) filed 6-26-2024; operative 10-1-2024 (Register 2024, No. 26).