Establishes a trust for current and recent foster youth receiving benefits and other income, authorizes rulemaking, requires a report, and.

The bill establishes a trust for current and recent foster youth receiving benefits and other income. It mandates the commissioner to identify individuals who had cash benefits diverted to a financially responsible agency between 1976 and 2026, and repay them. The commissioner must establish a simple claims process for repayment. The bill appropriates $15,000,000 for fiscal year 2027 to reimburse financially responsible agencies. It requires the commissioner to select a financial institution to administer the trust, ensuring asset protection and tax compliance.

Establishes a trust for current and recent foster youth receiving benefits and other income, authorizes rulemaking, requires a report, and.

The bill establishes a trust for current and recent foster youth receiving benefits and other income. It mandates the commissioner to identify individuals who had cash benefits diverted to a financially responsible agency between 1976 and 2026, and repay them. The commissioner must establish a simple claims process for repayment. The bill appropriates $15,000,000 for fiscal year 2027 to reimburse financially responsible agencies. It requires the commissioner to select a financial institution to administer the trust, ensuring asset protection and tax compliance.