republic-os/legislation/us/states/ca/20232024/ab-2508.md

---
type: "Bill"
title: "Student financial aid: California Kids Investment and Development Savings (KIDS) Program: foster youth."
description: "Existing law establishes the California Kids Investment and Development Savings (KIDS) Program, under the administration of the Scholarshare Investment Board (board) , for purposes of expanding access to higher education through savings. Existing law, for the 2021–22 fiscal year, requires a KIDS Account to be established for all unduplicated pupils enrolled at a school district, public charter school, state special school, or other local educational agency, if one has not already been established for them, and requires the account to receive an enhanced deposit of $500. Existing law, for the 2021–22 fiscal year, requires an eligible pupil who is also a foster youth, as defined, to receive an additional enhanced deposit of $500."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20232024"
identifier: "AB 2508"
citation: "California AB 2508 (20232024)"
classification: ["bill"]
subjects: ["California Kids Investment and Development Savings (KIDS) Program", "Student financial aid", "foster youth"]
status: "enacted"
primary_sponsors: ["McCarty"]
version_count: 6
action_count: 27
vote_count: 10
first_action: "2024-02-13"
last_action: "2024-09-26"
source: "openstates"
source_identifier: "ocd-bill/7f92e1b4-f2f7-4c0e-bfbf-553d37f383b9"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB2508"
source_hash: "cf370fe871767e19c177af6a6b8c254a1cc26fd5248ebb3d271a84e0c0d5211d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 2508 (20232024) — Student financial aid: California Kids Investment and Development Savings (KIDS) Program: foster youth.

Existing law establishes the California Kids Investment and Development Savings (KIDS) Program, under the administration of the Scholarshare Investment Board (board) , for purposes of expanding access to higher education through savings. Existing law, for the 2021–22 fiscal year, requires a KIDS Account to be established for all unduplicated pupils enrolled at a school district, public charter school, state special school, or other local educational agency, if one has not already been established for them, and requires the account to receive an enhanced deposit of $500. Existing law, for the 2021–22 fiscal year, requires an eligible pupil who is also a foster youth, as defined, to receive an additional enhanced deposit of $500.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/13/24 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2508&version=20230AB250899INT)
2. **04/01/24 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2508&version=20230AB250898AMD)
3. **08/23/24 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2508&version=20230AB250897AMD)
4. **09/26/24 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2508&version=20230AB250895CHP)
5. **AB2508** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB2508)
6. **09/03/24 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2508&version=20230AB250896ENR)

## Votes

- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **5–0** (pass) · upper
- 3rd Reading AB2508 McCarty et al. By Limón — **40–0** (pass) · upper
- Do pass and be re-referred to the Committee on [Human Services] with recommendation: To Consent Calendar — **11–0** (pass) · lower
- AB 2508 McCarty Assembly Third Reading — **72–0** (pass) · lower
- Do pass — **6–0** (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **6–0** (pass) · lower
- Do pass. — **15–0** (pass) · lower
- AB 2508 McCarty Concurrence in Senate Amendments — **76–0** (pass) · lower
- Placed on suspense file — **7–0** (pass) · upper
- Do pass, but first be re-referred to the Committee on [Human Services] — **7–0** (pass) · upper

## Sponsors

- McCarty — primary (person)
- Joe Patterson — coauthor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-02-13** Read first time. To print. `reading-1`
- **2024-02-14** From printer. May be heard in committee March 15.
- **2024-03-11** Referred to Coms. on HIGHER ED. and HUM. S. `referral-committee`
- **2024-04-01** From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended. `amendment-introduction, amendment-passage, reading-1, reading-2`
- **2024-04-02** Re-referred to Com. on HIGHER ED. `referral-committee`
- **2024-04-10** From committee: Do pass and re-refer to Com. on HUM. S. with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (April 9). Re-referred to Com. on HUM. S. `committee-passage, committee-passage-favorable, referral-committee`
- **2024-04-24** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 6. Noes 0.) (April 23). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2024-05-08** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
- **2024-05-16** From committee: Do pass. (Ayes 15. Noes 0.) (May 16). `committee-passage, committee-passage-favorable`
- **2024-05-20** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2024-05-22** Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 0. Page 5484.) `passage, reading-1, reading-3`
- **2024-05-23** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2024-06-05** Referred to Coms. on ED. and HUMAN S. `referral-committee`
- **2024-06-26** From committee: Do pass and re-refer to Com. on HUMAN S. (Ayes 7. Noes 0.) (June 26). Re-referred to Com. on HUMAN S. `committee-passage, committee-passage-favorable, referral-committee`
- **2024-07-02** From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (July 1). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2024-08-05** In committee: Referred to APPR suspense file. `referral-committee`
- **2024-08-15** From committee: Do pass. (Ayes 6. Noes 0.) (August 15). `committee-passage, committee-passage-favorable`
- **2024-08-19** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2024-08-23** Read third time and amended. Ordered to second reading. `amendment-passage, reading-1, reading-3`
- **2024-08-26** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2024-08-27** Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.). `passage, reading-1, reading-3`
- **2024-08-28** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 30 pursuant to Assembly Rule 77.
- **2024-08-28** Assembly Rule 77 suspended.
- **2024-08-29** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0.). `amendment-passage, committee-passage-favorable`
- **2024-09-11** Enrolled and presented to the Governor at 4 p.m.
- **2024-09-26** Approved by the Governor. `executive-signature`
- **2024-09-26** Chaptered by Secretary of State - Chapter 622, Statutes of 2024. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7f92e1b4-f2f7-4c0e-bfbf-553d37f383b9`. Confidence: reported (aggregated from official California legislature records).