The bill aims to enhance the financial stability of individuals in extended foster care by prohibiting the Department of Children, Youth, and Families from using any benefits or payments received on behalf of these individuals as reimbursement for the cost of care, effective January 1, 2027. It mandates that the department assess the eligibility of these individuals for social security benefits and provide assistance in managing those benefits, including helping them establish appropriate financial accounts. If additional support is needed, the department is required to identify a suitable authorized representative to manage the benefits, or it may serve in that role temporarily.

Additionally, the bill amends existing law regarding the management of funds held by the secretary for individuals in care. It clarifies that the secretary can only disburse funds for personal needs and specifies that benefits received cannot be applied against public assistance amounts. The bill also raises the threshold for depositing funds into a qualifying protected account from $500 to $2,000, ensuring that individuals have better access to their funds while in care. Overall, the legislation seeks to improve the financial management and support for young adults transitioning out of foster care.

Statutes affected:
Original bill: 74.13.060
Substitute bill: 74.13.060
Bill as passed Legislature: 74.13.060
Session law: 74.13.060