An act relating to a pilot program to provide direct cash transfers to youth exiting foster care

This bill establishes a two-year pilot program to give youth leaving the foster care system $1,000 per month for 24 months. The program is voluntary, and participants must complete annual surveys to report on their finances, health, employment, housing, and education. The cash transfers are designed to be tax-free and will not count as income when determining eligibility for other government benefits or financial aid. A report on the program's results will be submitted to state committees by November 2025, and $650,000 is appropriated to fund the initiative in fiscal year 2024.