The bill aims to enhance the financial stability of individuals aged 18 to 21 who are in the care of the Department of Children, Youth, and Families (DCYF) in Washington State. It introduces a new section to chapter 43.216 RCW, which prohibits the department from using any benefits or payments received by these individuals as reimbursement for their care starting January 1, 2027. Additionally, the department is required to assess the eligibility of these individuals for social security benefits and assist them in managing those benefits, including helping them establish appropriate financial accounts. If necessary, the department will also identify an authorized representative to assist in managing these benefits.

Furthermore, the bill amends RCW 74.13.060 to clarify the role of the secretary as the custodian of funds for individuals in care. It specifies that the secretary can only disburse funds for personal needs and outlines the conditions under which public assistance can be applied. Notably, effective January 1, 2027, the bill allows for the conservation of funds in savings or investment accounts for individuals aged 18 to 21, while also increasing the threshold for funds that can be deposited in a savings account from $500 to $2,000. The amendments aim to ensure that young adults in care have better access to their financial resources and support as they transition to independence.

Statutes affected:
Original bill: 74.13.060