§ 56-252. Purpose.

The purpose of the Family Savings Initiative Act is to provide for the establishment of individual development accounts designed to:

1.  Provide individuals and families with limited means an opportunity to accumulate assets;

2.  Facilitate and mobilize savings;

3.  Promote home ownership, microenterprise development, education, saving for retirement, and automobile purchase; and

4.  Stabilize families and build communities.

Added by Laws 1998, c. 429, § 2, eff. Nov. 1, 1998.