(a) The State shall match an amount of up to $100,000 per calendar year for individual development accounts.

Terms Used In Hawaii Revised Statutes 257-8

  • 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
(b) Not more than a 2:1 match of state funds to account holder deposits shall be deposited into any individual development account in a given year.

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