The bill aims to enhance the financial stability of individuals under the care of the Department of Children, Youth, and Families in Washington State. It introduces a new section to chapter 43.216 RCW, which prohibits the department from using any benefits or payments received on behalf of these individuals as reimbursement for care costs starting January 1, 2026. The department is required to assess the eligibility of these individuals for supplemental security income and disability benefits, apply for these benefits on their behalf, and maintain their eligibility if approved. Additionally, the bill mandates the development of financial literacy training for youth in care, focusing on public benefits and personal financial management.

The bill also amends RCW 74.13.060, changing the custodian's authority regarding the disbursement of funds. It removes the provision that allowed the secretary to apply benefits received against public assistance amounts and instead allows for the conservation of funds in savings or investment accounts. The threshold for depositing funds into a savings account has been increased from $500 to $2,000, and the secretary is required to provide a full accounting of funds to the individual or their legal guardian when public assistance is no longer provided.

Statutes affected:
Original Bill: 74.13.060