TX SB577

Establishes a foster child trust account program administered by the Department of Family and Protective Services and the comptroller to hold federal benefits for children in state conservatorship

Requires the department to serve as representative payee for foster children receiving VA benefits, Supplemental Security Income (SSI), or Social Security Disability Insurance (SSDI) and deposit those benefits into interest-bearing trust accounts

Benefits must be saved in a manner that avoids violating federal asset limits that would affect the child's eligibility, and the department must provide an accounting when the child leaves foster care

Funds become available to the child upon leaving conservatorship at age 18 or older, or upon turning 18 if they leave care earlier, with disbursements capped at $5,000 per quarter if the balance exceeds $5,000

Prohibits the state and the child's guardian from accessing account funds, though the state may deduct interest earned; the Department of Family and Protective Services must adopt rules by January 1, 2026, with the act taking effect September 1, 2025