The purpose of the Family Savings Initiative Act is to provide for the establishment of individual development accounts designed to:

1. 2. Facilitate and mobilize savings;
2. 3. Promote home ownership, microenterprise development, education, saving for retirement, and automobile purchase; and
3. 4. Stabilize families and build communities.

1 . Provide individuals and families with limited means an opportunity to accumulate assets;

Laws 1998, SB 1350, c. 429, § 2, eff. November 1, 1998.