Current and recent foster youth receiving benefits and other income trust established, rulemaking authorized, report required, and money appropriated.

This bill establishes a new trust fund to manage income benefits, such as Social Security and veteran payments, for children currently in foster care and those who recently left the system. It allows the agency responsible for the child to act as the payee for these funds during the child's placement, ensuring the money is used specifically for the child's care rather than being commingled with general agency funds. The law also mandates that children aged 13 and older, along with their guardians and legal representatives, receive clear written notice about how these benefits are being handled. Additionally, the bill requires state agencies to track and report data on the number of children receiving these benefits and the total amounts collected.