Code of Alabama
Title 38 - Public Welfare.
Chapter 14 - Individual Development Account Program.

Section 38-14-1 - Definitions. - As used in this chapter, the following terms shall have...

Section 38-14-2 - Establishment of Account. - A person who is eligible to become an individual development...

Section 38-14-3 - Matching Funds. - Once the account owner has saved for a minimum of...

Section 38-14-4 - Withdrawals and Reimbursements. - (a) If an emergency occurs, an account owner may withdraw...

Section 38-14-5 - Financial Literacy Education. - Before becoming eligible to receive matching funds to pay for...

Section 38-14-6 - Source of Deposits; Limitations on Deposits. - (a) Deposits to individual development accounts made by the account...

Section 38-14-7 - Exclusion From Gross Income. - Money deposited into individual development accounts shall not be included...

Section 38-14-8 - Selection of Fiduciary Organizations. - The department shall select fiduciary organizations through competitive processes. In...

Section 38-14-9 - Administration of Accounts. - (a) Subject to rules promulgated by the department, a fiduciary...

Section 38-14-10 - Eligibility for Means-Tested Public Benefits. - (a) An account owner's savings and matching funds shall not...

Section 38-14-11 - Funding. - The department shall not be obligated to fund individual development...