Qualified ABLE Program: CalABLE accounts: funding.

The bill moved from Amended Senate status to Enrolled status, adding passage dates (Assembly: September 8, 2025; Senate: September 4, 2025) and standard enrolled-bill formatting including clerk signatures and a governor approval line.

The legislative counsel's digest header changed from 'AB 1076, as amended, Addis' to 'AB 1076, Addis,' and the vote/appropriation summary line was simplified from 'Vote: 2/3. Appropriation: yes. Fiscal committee: yes. State-mandated local program: no.' to just 'Appropriation: yes.'

Minor wording change in the digest: 'maximize account use by raising participation by engaging public awareness' was revised to 'maximize account participation by engaging public awareness.' The statutory text of Sections 19304 and 4877 is unchanged.

Header changed from enrolled bill format (with Assembly/Senate passage dates and clerk signatures) to chaptered law format with Chapter 722 number, governor approval date of October 13, 2025, and 'STATE OF CALIFORNIA AUTHENTICATED ELECTRONIC LEGAL MATERIAL' banner.

Page numbers changed from 95 to 94 and running headers changed from 'AB 1076' to 'Ch. 722', reflecting re-pagination in the final compiled statutes.

Removed the provision allowing the board to offer financial incentives deposited directly into ABLE accounts to encourage eligible individuals to create or maximize account use. This included authority to set incentive amounts at its discretion, communicate them publicly, and apply them equally among eligible beneficiaries.

Removed the board's authority to delegate specific amounts of grants, gifts, legislative appropriations, or other moneys to be divided or wholly deposited into either the administrative fund or the program fund at its discretion.

Removed detailed eligibility criteria provisions for financial incentives, which had allowed the board to define qualifying actions such as opening a new account, depositing money, establishing recurring deposits, participating in financial literacy education, or being a state resident.

Removed the requirement that financial incentives be provided directly to the designated beneficiary or their authorized legal representative, and the requirement that eligibility information and actions needed to earn incentives be posted on the program website.

Changed the permitted use of grants, gifts, and other moneys from encouraging account creation 'including financial incentives deposited into accounts and efforts to raise use by raising awareness' to only 'by raising participation by engaging public awareness about the program,' narrowing the scope of permissible activities.

The entire KIDS Program (California Kids Investment and Development Savings) was removed from the bill. This provision would have required seed deposits of at least $25 (rising to $100) into accounts for each child born in California, with funds usable for qualified higher education expenses. It also included provisions for birth data sharing with the State Department of Public Health, parent notification and opt-out, additional financial incentives for engagement, and a process to transfer KIDS Account funds into ABLE accounts.

In Section 4877(c)(5)(C) of the Welfare and Institutions Code, the limitation on use of grants, gifts, appropriations, and other moneys was changed from 'to the extent permitted under federal law' to 'to the extent permitted under federal and state law,' adding a state law constraint on how those funds may be deployed.

The phrase 'efforts to raise awareness about the program' was expanded to 'efforts to raise use by raising awareness about the program,' slightly broadening the stated purpose of awareness activities.

Capitalization of 'Qualified ABLE Program' was corrected throughout (previously lowercase 'qualified ABLE program' in some instances).

Section numbering was renumbered: former Section 2 (Revenue and Taxation Code) became Section 1, and former Section 3 (Welfare and Institutions Code) became Section 2, as a consequence of removing the Education Code section.

Capitalized 'ABLE Program' to 'Qualified ABLE Program' in two locations within Section 4877 of the Welfare and Institutions Code to align with the bill's defined term.

Changed 'his or her' to 'their' when referring to the executive director's compensation in Section 4877, adopting gender-neutral language.

Removed redundant text in Section 19304 of the Revenue and Taxation Code where 'Trust' appeared twice in a row in the phrase about depositing refunds into the Golden State Scholarshare College Savings Trust or the California ABLE Program Trust.

Removed empty placeholder paragraph numbers (former paragraphs (3) and (4)) in Section 1 of the bill and renumbered subsequent paragraphs accordingly.