HB 500 updates Georgia’s Temporary Assistance for Needy Families (TANF) program by increasing the maximum benefit amount, lifetime eligibility limits, and asset exclusions for applicants. It raises cash assistance levels to 40% of the federal poverty level (FPL) and allows recipients to receive benefits for up to 60 months, an increase from the previous 48-month limit. The bill also increases the asset limit to $5,000. It exempts one primary vehicle from asset calculations, with an additional $4,650 equity exclusion for a second vehicle if used for work, education, or job search.