Iowa § 541A.2 Individual development accounts

Iowa Statutes

§ 541A.2 — Individual development accounts

Iowa § 541A.2

Title XIIICOMMERCE

Ch. 541AINDIVIDUAL DEVELOPMENT ACCOUNTS

This text of Iowa § 541A.2 (Individual development accounts) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 541A.2 (2026).

Text

b. A financial instrument that is certified by the operating organization to have the characteristicsdescribedinandfundedbyafederalindividualdevelopmentaccountprogram under which federal and state funding contributed to match account holder deposits is deposited by an operating organization in accordance with federal law and regulations, and which includes but is not limited to any of the programs implemented under the following federal laws:

(1)The federal Personal Responsibility and Work Opportunity Act of 1996, 42 U.S.C. §604(h).

(2)The federal Assets for Independence Act, Pub. L. No. 105-285, Tit. IV. 10. “Operating organization” means an agency selected by the department for involvement in operating individual development accounts directed to a specific target population. 11. “Sourc

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b. A financial instrument that is certified by the operating organization to have the
characteristicsdescribedinandfundedbyafederalindividualdevelopmentaccountprogram
under which federal and state funding contributed to match account holder deposits is
deposited by an operating organization in accordance with federal law and regulations, and
which includes but is not limited to any of the programs implemented under the following
federal laws:
(1) The federal Personal Responsibility and Work Opportunity Act of 1996, 42 U.S.C.
§604(h).
(2) The federal Assets for Independence Act, Pub. L. No. 105-285, Tit. IV.
10. “Operating organization” means an agency selected by the department for
involvement in operating individual development accounts directed to a specific target
population.
11. “Source of principal” means any of the sources of a deposit to an individual
development account under section 541A.2, subsection 2.