Establishes the Washington Future Fund Pilot Project to provide grants for education, homeownership, or business creation to eligible Washingtonians.
The bill establishes the Washington Future Fund Pilot Project, which provides grants of up to $25,000 to eligible Washingtonians for education, homeownership, or business creation. Eligible applicants must be born in Washington, enrolled in Medicaid or the Children's Health Insurance Program before their first birthday, and residents of Washington between the ages of 18 and 36. The Office of the State Treasurer will contract with a third-party vendor to manage the pilot project, including application processing, eligibility determination, and grant distribution.
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