Requires the attorney general to develop a grant program to provide funding for persons and organizations that provide: (1) Education to aid seniors in preventing identity theft;

(2) Assistance to aid seniors in recovering from identity theft;

(3) Education to aid persons with a developmental disability and their legal representatives in preventing the theft of the identity of persons with a developmental disability;

(4) Assistance to aid persons with a developmental disability and their legal representatives in recovering from the identity theft of the identity of persons with a developmental disability; or

(5) Any combination of the above.

Directs the attorney general to make an annual report regarding the development and the implementation of the grant program to the legislature by December 1st. The first report is due December 1, 2008.

Appropriates the sum of one million five hundred thousand dollars, or as much thereof as may be necessary, for the fiscal year ending June 30, 2008, from the general fund to the attorney general for the purposes of this act.