Arkansas § 20-86-103 Purpose

Arkansas Statutes

§ 20-86-103 — Purpose

Arkansas § 20-86-103

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This text of Arkansas § 20-86-103 (Purpose) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 20-86-103 (2026).

Text

The purpose of this 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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The purpose of this 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.