HRS §257-2

Who can open an individual development account

Read the official text at capitol.hawaii.gov ↗

This section sets two basic rules for joining an individual development account program. Your household income must be at or below a certain local limit, and you must sign an agreement with the organization that manages the account.

everyone

The statute, as written — Eligible individuals

A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.

(a) The income of the household of the individual development account holder shall not exceed eighty per cent of the area household median income. (b) The individual shall enter into an individual development account agreement with a fiduciary organization.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.