Children's Trust Fund Act

[AI summary unavailable — showing source text] Childrens's Trust Fund Act - Declares the policy of Congress that a specific share of public revenues be reserved for use in the financing of children's and youth programs. Title I: Creation and Administration of Trust Fund - Creates a Children's Trust Fund to be administered by the Secretary of Health, Education, and Welfare. Authorizes the Secretary of the Treasury to pay into the Trust Fund from general revenues the amount of forty-five cents a week for each child in the United States under the age of 18. Directs the Secretary to establish an allocation account for each State. Provides that funds from the Trust Fund shall be available to carry out programs authorized by Titles IV-B and V of the Social Security Act, the Early Education of the Handicapped Act, Head Start and Follow Through of the Economic Opportunity Act. Title II: Allocation and Use of Trust Fund - Directs the Secretary to annually make an estimated allocation of trust funds in accordance with the procedure enumerated in this Act. Title III: States Functions Under Child Revenue Sharing - Requires that each State submit to the Secretary a letter showing the distribution of funds it wishes to make among the program…