HI SB3003

Repeals discretionary language allowing the Director of Finance to use Hawaii ABLE Savings Program Trust Fund moneys if accepting deposits from contributors instead of sending deposits directly to the ABLE Program Manager

Authorizes the Director of Finance to expend trust fund moneys to provide incentive payments to Hawaii public school ABLE account owners to encourage participation by eligible individuals and families

Appropriates an unspecified amount from general revenues for fiscal year 2024-2025 to be deposited into the Hawaii ABLE Savings Program Trust Fund

Appropriates an unspecified amount from the trust fund for fiscal year 2024-2025 to provide incentive payments to Hawaii public school ABLE account owners

Appropriates an unspecified amount from the trust fund for fiscal year 2024-2025 to establish one full-time equivalent permanent position within the State Council on Developmental Disabilities to provide statewide outreach, advocacy, and relationship management for the Hawaii ABLE Savings Program