AN ACT relating to child welfare.
What changed between versions
Access to conserved federal benefits now requires the child to complete a cabinet-approved financial literacy or savings readiness program, whereas the original text allowed access upon completing general milestones without this prerequisite.
The requirement for the cabinet to develop a savings plan was reorganized; the original text placed the plan development in subsection (6), but the revision moved it to subsection (5) and added the financial literacy prerequisite.
The list of acceptable account types was updated to explicitly include 'pooled special needs trusts' and added a specific clause requiring accounts to adhere to 'asset and resource limits' to ensure public benefit eligibility.
Minor formatting changes were made to the bill header and page footers, reflecting the document's transition from a 'Introduced' version to a 'Vetoed and Overridden' final version.