365-205-010 - Purpose

365-205-010. Purpose

The purpose of the individual development accounts (IDA) program is to create incentives and support for savings and purchases of major assets by low-income people in Washington state. IDAs will promote job training, home ownership, and business development among low-income individuals and provide assistance in meeting the financial goals of low-income individuals. Additionally, a special IDA program for foster youth is described below.

The changes made in state statute to create this program can be found in RCW 43.79A.040 and chapter 43.31 RCW.

Statutory Authority: RCW 43.79A.040 and chapter 43.31 RCW. 05-21-091, ยง 365-205-010, filed 10/18/05, effective 11/18/05.

The following state regulations pages link to this page.