HI SB479

Repeals statutory language giving the Director of Finance discretion to use Hawaii ABLE Savings Program Trust Fund moneys when 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 ABLE account owners to encourage participation by eligible individuals and families.

Appropriates $75,000 from general revenues for fiscal years 2025-2026 and 2026-2027 to be deposited into the Hawaii ABLE Savings Program Trust Fund.

Appropriates $13,000 from the Hawaii ABLE Savings Program Trust Fund for fiscal years 2025-2026 and 2026-2027 to provide incentive payments to ABLE account owners, to be expended by the Department of Budget and Finance.

Appropriates $62,000 from the Hawaii ABLE Savings Program Trust Fund for fiscal years 2025-2026 and 2026-2027 to establish one full-time equivalent (1.0 FTE) permanent position within the State Council on Developmental Disabilities for statewide outreach, advocacy, and relationship management for the program.