256B-2 Hawaii ABLE savings program; establishment.
§256B-2 Hawaii ABLE savings program; establishment. The director of finance shall establish the Hawaii ABLE savings program to provide for individual savings accounts that empower individuals with a disability and their families to save private funds to support the individual with a disability. [L 2015, c 206, pt of §2]
256B-3 Functions and powers of the director of finance.
§256B-3 Functions and powers of the director of finance. (a) The director shall implement and administer the program under the terms and conditions established by this chapter and in conformity with federal law including the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014, Division B of P.L. 113-295, as it may be […]
256B-4 Management contract; terms.
§256B-4 Management contract; terms. (a) A management contract shall include, at a minimum, terms requiring the financial organization to: (1) Take any action required to keep the program in compliance with the requirements of this chapter and take any action not contrary to the management contract to qualify as a qualified ABLE program as defined […]
255D-5 Relationship to state law.
§255D-5 Relationship to state law. No provision of the agreement authorized by this chapter in whole or part invalidates or amends any provision of the law of this State. Adoption of the agreement by this State does not amend or modify any law of this State. Implementation of any condition of the agreement in this […]
256B-5 Hawaii ABLE savings accounts; terms and conditions.
§256B-5 Hawaii ABLE savings accounts; terms and conditions. (a) An ABLE savings account established pursuant to this chapter shall be opened by a designated beneficiary or by a trustee or guardian of a designated beneficiary who lacks capacity to enter into a contract; provided that the designated beneficiary shall be an eligible individual at the […]
255D-6 Agreement requirements.
§255D-6 Agreement requirements. The department shall not enter into the streamlined sales and use tax agreement unless the agreement requires each state to abide by the following requirements: (1) The agreement must set restrictions to limit over time the number of state tax rates; (2) The agreement must establish uniform standards for: (A) The sourcing […]
256B-6 Account funds.
§256B-6 Account funds. Moneys in an ABLE savings account: (1) Shall be exempt from attachment, execution, or garnishment as provided by section 651-124; and (2) May be claimed by the medicaid plan subject to limitations imposed by the Secretary. [L 2015, c 206, pt of §2]
255D-7 Cooperating sovereigns.
§255D-7 Cooperating sovereigns. The agreement authorized by this chapter is an accord among individual cooperating sovereigns in furtherance of their governmental functions. The agreement provides a mechanism among the member states to establish and maintain a cooperative, simplified system for the application and administration of sales and use taxes under the duly adopted law of […]
256B-7 Accounts not guaranteed by the State.
§256B-7 Accounts not guaranteed by the State. (a) Nothing in this chapter shall create or be construed to create any obligation of the director, the State, or any agency or instrumentality of the State to guarantee for the benefit of any account owner or designated beneficiary with respect to the: (1) Return of principal; (2) […]
255D-8 Limited binding and beneficial effect.
§255D-8 Limited binding and beneficial effect. (a) The agreement authorized by this chapter binds and inures only to the benefit of this State and the other member states. No person, other than a member state, is an intended beneficiary of the agreement. Any benefit to a person other than a state is established by the […]