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2021 Session

Budget Amendments - SB1100 (Member Request)

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Chief Patron: McClellan
TANF Individual Development Accounts

Item 350 #3s

Item 350 #3s

First Year - FY2021 Second Year - FY2022
Health and Human Resources
Department of Social Services FY2021 $0 FY2022 $2,120,420 NGF

Language
Page 420, line 44, strike "$152,429,363" and insert "$154,549,783".

Page 424, after line 6, insert:

"W. Out of this appropriation, $2,120,420 the second year from the Temporary Assistance to Needy Families (TANF) block grant shall be provided for the Department of Social Services to implement a program so that TANF-eligible individuals may save funds in an individual development account established for the purposes of home purchase, education, starting a business, transportation, or self-sufficiency.  The TANF funds shall be deposited to the individual development accounts at a match rate determined by the department.”



Explanation

(This amendment adds $2.1 million the second year from the Temporary Assistance to Needy Families block grant for the implementation of individual development accounts for TANF recipients by the Department of Social Services.)