New York A01305 establishes a program for financial transitional living services for foster children, including savings accounts and financial.
New York A01305 amends the social services law to create a program for financial transitional living services for foster children. The Office of Children and Family Services will establish this program to help foster children transition to independent living. It includes setting up independent development savings accounts for children over 16, prohibiting withdrawals until certain conditions are met, and requiring attendance at financial literacy and independent living classes.
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