Tennessee Statutes
§ 71-3-1003 — Individual development accounts
Tennessee·Title 71
In the selected communities, temporary assistance for needy families (TANF) or successor program, recipients may deposit up to five thousand dollars ($5,000) in special savings accounts for career development goals for post-secondary education of themselves or their children, small business development, home ownership purposes or transportation needs. For the period the participant is eligible for the TANF program, or successor program, the individual development account (IDA) shall not be considered when computing the asset limit of the participant when determining the participant's eligibility for the TANF program, or successor program, or food stamps, as permitted by waiver from the federal departments of health and human services and agriculture.
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Legislative History
Acts 1996, ch. 989, § 3.
Nearby Sections
15
§ 71-1-101
Short title§ 71-1-102
Part definitions§ 71-1-103
Department created§ 71-1-105
Powers and duties§ 71-1-107
Duties of commissioner§ 71-1-108
Authority over personnel§ 71-1-109
Legal assistance - Property - Rules§ 71-1-111
Hearings - Evidence§ 71-1-113
Expenditure of funds§ 71-1-115
Conditions imposed on local governments