SF 3739 Summary

• Adds personal vehicle acquisition as a permissible use of family asset account funds, subject to fiduciary organization approval.

• Increases state matching contributions from $1.50 to $3 per dollar withdrawn, up to a maximum of $6,000 lifetime (from $3,000), capped at $720 per year.

• Creates financial coach role requiring completion of financial literacy training and ongoing participation in statewide FAIM network meetings to provide budgeting, debt reduction, and asset-building education to program participants.

• Expands program reporting requirements to track vehicles purchased alongside homes, businesses, and educational services funded through family asset accounts.