Ark. Code § 20-86-103

Current with legislation from 2024 Fiscal and Special Sessions.

Section 20-86-103 - Purpose

The purpose of this 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.

Ark. Code § 20-86-103

Acts 1999, No. 1217, § 2.