The proposed bill aims to establish the Temporary Emergency Veterans Assistance Program in Massachusetts, which will provide financial support to veterans facing foreclosure or eviction. To facilitate this, a new fund, known as the Temporary Emergency Veterans Assistance Fund, will be created under Chapter 29 of the General Laws. This fund will be managed by the executive office of veterans services and will consist of appropriated funds, interest earned, and federal grants. The bill stipulates that the funds will not revert to the General Fund at the end of the fiscal year and will be used specifically for the assistance program.

Additionally, the bill amends Chapter 115 of the General Laws to define the program and establish a temporary emergency veterans assistance board to oversee its implementation. The program will provide various forms of financial assistance, such as mortgage or rent payments, meal allowances, and temporary housing, but will not cover consumer debt. Veterans must meet specific criteria to qualify for assistance, including residency, a background check, and honorable discharge status. The program will be funded by the newly established fund, and annual reports on its implementation and impact will be submitted to relevant legislative committees.