SB 575, as introduced, Yee. Foster care trust funds: general obligation bonds.
Existing law provides for child welfare services, which are public social services directed toward, among other purposes, protecting and promoting the welfare of all children, including those in foster care placement. Existing law provides for the Aid to Families with Dependent Children-Foster Care (AFDC-FC) program, under which, pursuant to a combination of federal, state, and county funds, aid on behalf of eligible children is paid to foster care providers.
This bill would declare the intent of the Legislature to subsequently amend this bill to include provisions that would seek approval of the voters for the issuance of general obligation bonds to provide revenue for the establishment of an individual trust fund account for each foster child to provide funds necessary to pay the costs of care and related costs until the child reaches 26 years of age.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
It is the intent of the Legislature to subsequently
2amend this measure to include provisions that would seek approval
3of the voters for the issuance of general obligation bonds to provide
4revenue for the establishment of an individual trust fund account
P2 1for each foster child to provide funds necessary to pay the costs
2of care and related costs until the child reaches 26 years of age.
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