Hawaii Revised Statutes 257-7 – Assets; disregarded
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Hawaii Revised Statutes 257-7
- Fiduciary: A trustee, executor, or administrator.
- Individual development account: means an optional, interest bearing, subsidized, tax-benefitted account used exclusively for the purpose of paying the qualified expenditure of an eligible individual as determined by the fiduciary organization. See Hawaii Revised Statutes 257-1
The department of human services shall collaborate with individual development account fiduciary organizations to ensure that the accounts as provided for in this chapter, including any earned interest, shall be disregarded in the determination of benefits or eligibility for services account holders may receive from the department of human services as allowed by federal and state laws and regulations.
The department of human services shall establish rules to be aligned with individual development accounts.