Utah HB0108 amends procedures for managing federal benefits for minors in state custody.

Utah HB0108 modifies the management of federal benefits for minors in state custody. The bill requires the department to determine if a minor is eligible for federal benefits upon placement in custody and apply for these benefits on the minor's behalf. It mandates the establishment of separate accounts for each minor beneficiary, with a preference for ABLE accounts if eligible. The department must also offer financial literacy training when transferring accounts and provide annual statements detailing fund transactions.

Utah HB0108 amends procedures for managing federal benefits for minors in state custody.

Utah HB0108 modifies the management of federal benefits for minors in state custody. The bill requires the department to determine if a minor is eligible for federal benefits upon placement in custody and apply for these benefits on the minor's behalf. It mandates the establishment of separate accounts for each minor beneficiary, with a preference for ABLE accounts if eligible. The department must also offer financial literacy training when transferring accounts and provide annual statements detailing fund transactions.