§ 20-86-103 - Purpose.
20-86-103. Purpose.
The purpose of the Family Savings Initiative 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.