Hawaii HB247 amends the Hawaii ABLE savings program to allow the director of finance to use the trust fund for incentive payments and to fund.

Hawaii HB247 modifies the Hawaii ABLE savings program by repealing the requirement to use the trust fund if the director accepts deposits from contributors. It authorizes the director of finance to use the trust fund for incentive payments to Hawaii public school ABLE account owners. The bill also appropriates funds to the department of budget and finance for these incentive payments and to the state council on developmental disabilities for statewide outreach, advocacy, and relationship management for the program. The changes take effect on July 1, 2025.

Hawaii HB247 amends the Hawaii ABLE savings program to allow the director of finance to use the trust fund for incentive payments and to fund.

Hawaii HB247 modifies the Hawaii ABLE savings program by repealing the requirement to use the trust fund if the director accepts deposits from contributors. It authorizes the director of finance to use the trust fund for incentive payments to Hawaii public school ABLE account owners. The bill also appropriates funds to the department of budget and finance for these incentive payments and to the state council on developmental disabilities for statewide outreach, advocacy, and relationship management for the program. The changes take effect on July 1, 2025.