Hawaii HB247 repeals the requirement to use the Hawaii ABLE savings program trust fund for certain deposits and authorizes new appropriations.
Hawaii HB247 repeals the requirement to use the Hawaii ABLE savings program trust fund if the director elects to accept deposits from contributors instead of sending deposits directly to the ABLE program manager. The bill authorizes the director of finance to expend moneys in the Hawaii ABLE savings program trust fund to provide incentive payments to Hawaii public school ABLE account owners. It appropriates funds to the department of budget and finance to fund the Hawaii ABLE savings program trust fund and to provide incentive payments to Hawaii public school ABLE account owners.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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