(a) The Governor shall provide sufficient funds in the budget to ensure that the value of the maximum monthly allowable assistance under the Program is equal to at least:
(1) for fiscal year 2020, $215;
(2) for fiscal year 2021, 74% of the monthly allowable benefit for a one–person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2021;
(3) for fiscal year 2022, 78% of the monthly allowable benefit for a one–person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2022;
(4) for fiscal year 2023, 82% of the monthly allowable benefit for a one–person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2023;
(5) for fiscal year 2024, 86% of the monthly allowable benefit for a one–person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2024;
(6) for fiscal year 2025, 90% of the monthly allowable benefit for a one–person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2025;
(7) for fiscal year 2026, 94% of the monthly allowable benefit for a one–person household receiving temporary cash assistance through the Family Investment Program in fiscal year 2026; and
(8) for fiscal year 2027 and each year thereafter, 100% of the monthly allowable benefit for a one–person household receiving temporary cash assistance through the Family Investment Program for that fiscal year.
(b) Assistance shall be paid to the applicant monthly.