HB 03: Trust Fund for the Abandoned, Neglected, or Voluntarily Committed Child of 2019

An Act Providing for a National Program to Support and Care for Abandoned, Neglected, and Voluntarily Committed Children, Creating a Special Trust Fund, and for Other Purposes

This bill seeks to provide a trust fund account for each orphaned, abandoned, neglected, or voluntary committed minor under DSWD-accredited child caring institutions and care centers which the State has to fund by quarterly depositing a specified amount for each of the trust found account. The trust fund account matures when the orphaned, abandoned, neglected or voluntary committed minor reaches the age of majority, and thus providing him or her seed money to face the challenges of life and pursue his or her dreams.

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