NO. 113.  AN ACT RELATING TO FINANCIAL LITERACY AND ASSET BUILDING OF LOW INCOME VERMONTERS.

(S.188)

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  33 V.S.A. § 1103(c)(5) is amended to read:

(5)  The value of assets accumulated from the earnings of adults and children in participating families and from any federal or Vermont earned income tax credit shall be excluded for purposes of determining continuing eligibility for the Reach Up program.

Sec. 2.  33 V.S.A. § 1101(27) is amended to read:

(27)  “Work activities” means the following activities limited to the extent and degree that they are allowed and countable in accordance with

Part A of Title IV of the Social Security Act:

* * *

(L)  the provision, consistent with the department’s rules applicable to self-employment, of child care services to an individual who is participating in a community service program; and

(M)  attendance at a financial literacy class; and

(M)(N)  any other work activity recognized in accordance with Part A of Title IV of the Social Security Act as amended.

Approved:  April 18, 2006