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HI HB247
Bill
Status
1/17/2025
Primary Sponsor
Lisa Marten
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AI Summary
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Amends the Hawaii ABLE savings program trust fund to clarify deposit sources, including moneys from program managers, government/private grants, legislative appropriations, contributor deposits, and investment interest
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Authorizes the Director of Finance to use trust fund moneys to provide incentive payments to Hawaii public school ABLE account owners to encourage participation in savings programs
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Appropriates $50,000 per year for fiscal years 2025-2026 and 2026-2027 from general revenues to the Hawaii ABLE savings program trust fund for incentive payments
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Appropriates $65,000 per year for fiscal years 2025-2026 and 2026-2027 to fund one full-time permanent position within the State Council on Developmental Disabilities for statewide outreach, advocacy, and relationship management
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Takes effect July 1, 2025
Legislative Description
Relating To The Hawaii Able Savings Program.
Appropriation ($)
Last Action
Carried over to 2026 Regular Session.
12/8/2025