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ARKANSAS STATUTES AND CODES

§ 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.

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