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 applying any benefits, payments, or funds received by these individuals as reimbursement for their care costs starting January 1, 2027. The department is also mandated 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 additional support is needed for managing benefits, the department is required to identify a suitable authorized representative or serve in that role temporarily.

Additionally, the bill amends RCW 74.13.060 to clarify the responsibilities 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, ensuring that their financial resources are better managed and protected. The amendments also raise the threshold for funds that can be deposited in a savings account from $500 to $2,000, enhancing the financial management options available to these young adults.

Statutes affected:
Original bill: 74.13.060