This bill establishes a foster children assistance trust aimed at managing Supplemental Security Income (SSI) benefits for children in foster care. It amends Minnesota Statutes 2024, section 142A.609, to clarify the treatment of SSI benefits, including the requirement for financially responsible agencies to apply to be the payee for children receiving these benefits. The bill introduces new provisions that define the trust, outline the responsibilities of financially responsible agencies, and detail the commissioner of children, youth, and families' duties regarding the trust. It mandates that agencies assess eligibility for SSI, remit benefits to the commissioner, and notify beneficiaries about their potential entitlements.

Additionally, the bill includes provisions for the disbursement of funds from the trust to beneficiaries once they reach 18 years of age, with annual disbursements of $10,000 until the account is depleted. It also requires the commissioner to report on the trust's impacts and costs, ensuring transparency and accountability. An appropriation from the general fund is included to reimburse agencies for the federal cash assistance benefits sent to the commissioner, ensuring that the financial aspects of the trust are adequately supported.

Statutes affected:
Introduction: 142A.609