54-64-04. Household eligibility - Participation.
79 words·~1 min read·
/nd/title-54/chapter-54-64-individual-development-accounts/54-64-04·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
To be eligible for matching funds under this chapter, a household:
1. Shall sign an individual development account agreement that includes the amount of
scheduled deposits into the household's individual development account, the proposed
use of the funds, and the proposed savings goal;
2. Shall agree to complete an economic literacy training program and asset-specific
training; and
3. At the time of application, must have an income that does not exceed two hundred
percent of the federal poverty line.