reglab/housing_qa huggingface dataset:
HI Rev Stat § 256-1 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256. College Savings Program|256-1 Definitions.

  §256-1 Definitions. As used in this chapter, unless the context otherwise requires:  "Account" or "college account" means an individual savings account established in accordance with this chapter.  "Account owner" means the individual who enters into a tuition savings agreement pursuant to this chapter and as defined under the proposed income tax regulations, sections 1.529-1 to 1.529-6 or the final regulations relating to section 529 of the Internal Revenue Code of 1986, as amended, whichever is applicable, including any amendments or supplements thereto.  "Designated beneficiary" means a designated beneficiary as defined in section 529 of the Internal Revenue Code of 1986, as amended, or successor legislation.  "Eligible educational institution" means an institution defined in section 529 of the Internal Revenue Code of 1986, as amended, or successor legislation.  "Financial organization" means an organization authorized to do business in the State of Hawaii that is:  (1) Certified as an insurer by the insurance commissioner;  (2) Licensed or chartered as a financial institution by the commissioner of financial institutions;  (3) Chartered by an agency of the federal government;  (4) Subject to the jurisdiction and regulation of the securities and exchange commission of the federal government; or  (5) Any other entity otherwise authorized to act in this State as a trustee pursuant to the provisions of the Employee Retirement Income Security Act of 1974, as may be amended from time to time.  "Management contract" means the contract executed by the director of finance and a financial organization selected to act as a depository and manager of the program.  "Member of the family" means a family member as defined in section 529 of the Internal Revenue Code of 1986, as amended, or successor legislation.  "Nonqualified withdrawal" means a withdrawal from an account that is not:  (1) Used for qualified higher education expenses of the designated beneficiary;  (2) Made on account of the death or disability of the designated beneficiary; or  (3) Made on the account of a scholarship (or allowance or payment described in section 135(d)(1)(B) or (C) of the Internal Revenue Code of 1986, as amended) received by the designated beneficiary, to the extent the withdrawal does not exceed the amount of the scholarship, allowance, or payment.  "Program" means the college savings program.  "Program manager" means a financial organization selected by the director of finance to act as a depository and manager of the program.  "Qualified higher education expenses" means any qualified higher education expense defined in section 529 of the Internal Revenue Code of 1986, as amended, or successor legislation.  "Qualified withdrawal" means withdrawal from an account to pay the qualified higher education expenses of the designated beneficiary of the account.  "Tuition savings agreement" means an agreement between the director of finance or a financial organization and the account owner. [L 1999, c 81, pt of §2; am L 2000, c 90, §1]
HI Rev Stat § 256-2 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256. College Savings Program|256-2 College savings program established.

  §256-2 College savings program established. There is established the college savings program. The purpose of this program is to enable families to save for college tuition and other expenses through college accounts. The program shall provide college accounts to:  (1) Enable residents of this State and other states to benefit from the tax incentive provided for qualified state tuition programs under the Internal Revenue Code of 1986, as amended; and  (2) Attract students to public and private colleges and universities within the State. [L 1999, c 81, pt of §2]
HI Rev Stat § 256-5 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256. College Savings Program|256-5 Program limitations; college account.

  §256-5 Program limitations; college account. (a) Nothing in this chapter shall be construed to:  (1) Give any designated beneficiary any rights or legal interest with respect to an account;  (2) Guarantee that a designated beneficiary:  (A) Will be admitted to an institution of higher education; or  (B) Upon admission to an institution of higher education, will be permitted to continue to attend or will receive a degree from the institution;  (3) Create state residency for an individual merely because the individual is a designated beneficiary; or  (4) Guarantee that amounts saved pursuant to the program will be sufficient to cover the qualified higher education expenses of a designated beneficiary.  (b) Nothing in this chapter shall create or be construed to create any obligation of the director of finance, the State, or any agency or instrumentality of the State to guarantee for the benefit of any account owner or designated beneficiary with respect to:  (1) The rate of interest or other return on any account;  (2) The payment of interest or other return on any account; or  (3) The repayment of the principal of any account. The director of finance shall provide by rule that every tuition savings agreement, contract, application, deposit slip, or other similar document that may be used in connection with a contribution to an account clearly indicate that the account is not insured by the State and neither the principal deposited nor the investment return is guaranteed by the State. [L 1999, c 81, pt of §2; am L 2000, c 90, §4]
HI Rev Stat § 256-6 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256. College Savings Program|256-6 College savings program trust fund.

  §256-6 College savings program trust fund. (a) There is established the college savings program trust fund. The director of finance shall have custody of the fund. All payments from the fund shall be made in accordance with this chapter.  (b) The fund shall consist of a trust account and an operating account. The trust account shall include amounts received by the college savings program pursuant to tuition savings agreements, administrative charges, fees, and all other amounts received by the program from other sources, and interest and investment income earned by the fund. The director of finance, from time to time, shall make transfers from the trust account to the operating account for the immediate payment of obligations under tuition savings agreements, operating expenses, and administrative costs of the college savings program.  (c) The director of finance, as trustee, shall invest the assets of the fund in securities that constitute legal investments under state laws relating to the investment of trust fund assets by trust companies, including those authorized by article 8 of chapter 412. Trust fund assets shall be kept separate and shall not be commingled with other assets, except as provided in this chapter. The director of finance may enter into contracts to provide for investment advice and management, custodial services, and other professional services for the administration and investment of the program.  (d) The director of finance shall provide for the administration of the fund, including maintaining participant records and accounts, and providing annual audited reports. The director of finance may enter into contracts for administrative services, including reports.  (e) All administrative fees, costs, and expenses, including investment fees and expenses, shall be paid from the operating account of the fund and, notwithstanding any other law to the contrary, may be made without appropriation or allotment. [L 1999, c 81, pt of §2; am L 2000, c 90, §5]
HI Rev Stat § 256-7 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256. College Savings Program|256-7 Tax reporting.

  §256-7 Tax reporting. The director of finance or the program manager of the college savings program, or a designee, shall file a report annually, with the director of taxation, setting forth the names and identification numbers of account owners, designated beneficiaries, and distributees of college accounts, the amounts contributed to the accounts, the amounts distributed from the accounts, and the nature of the distributions as qualified withdrawals or as withdrawals other than qualified withdrawals, and any other information that the director of taxation may require regarding the taxation under this chapter of amounts contributed to or withdrawn from the accounts. [L 1999, c 81, pt of §2]
HI Rev Stat § 256B-1 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256B. Hawaii ABLE Savings Program|256B-1 Definitions.

 §256B-1 Definitions. As used in this chapter, unless the context otherwise requires:  "Account" or "ABLE savings account" means an individual savings account established in accordance with this chapter.  "Account owner" means the person who enters into a savings agreement pursuant to this chapter.  "Designated beneficiary" means a resident of the State whose qualified disability expenses may be paid from the account.  "Director" means the director of finance.  "Eligible individual" means an individual who is entitled to benefits based on blindness or disability under title 42 United States Code section 401 et seq. or title 42 United States Code section 1381 et seq., as amended, and for whom blindness or disability occurred before the date on which the individual attained the age of twenty-six, or an individual who filed for the taxable year, a disability certification with and to the satisfaction of the Secretary.  "Financial organization" means an organization authorized to do business in the State that is:  (1) Licensed or chartered by the insurance commissioner;  (2) Licensed or chartered by the commissioner of financial institutions;  (3) Chartered by an agency of the federal government; or  (4) Subject to the jurisdiction and regulation of the federal Securities and Exchange Commission.  "Management contract" means the contract executed by the director of finance and a financial organization selected to act as a depository and manager of the program.  "Member of the family" has the same meaning defined in section 529A of the Internal Revenue Code of 1986, as amended.  "Nonqualified withdrawal" means a withdrawal from an account that is not:  (1) A qualified withdrawal; or  (2) A rollover distribution.  "Program" means the Hawaii ABLE savings program established under this chapter.  "Program manager" means a financial organization selected by the director of finance to act as a depository and manager of the program.  "Qualified disability expense" means any qualified disability expense included in section 529A of the Internal Revenue Code of 1986, as amended.  "Qualified withdrawal" means a withdrawal from an account to pay the qualified disability expenses of the designated beneficiary of the account.  "Rollover distribution" means a rollover distribution as defined in section 529A of the Internal Revenue Code of 1986, as amended.  "Savings agreement" means an agreement between the program manager or the director of finance and the account owner.  "Secretary" means the Secretary of the United States Department of the Treasury. [L 2015, c 206, pt of §2]
HI Rev Stat § 256B-2 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256B. Hawaii ABLE Savings Program|256B-2 Hawaii ABLE savings program; establishment.

 §256B-2 Hawaii ABLE savings program; establishment.  The director of finance shall establish the Hawaii ABLE savings program to provide for individual savings accounts that empower individuals with a disability and their families to save private funds to support the individual with a disability. [L 2015, c 206, pt of §2]
HI Rev Stat § 256B-6 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256B. Hawaii ABLE Savings Program|256B-6 Account funds.

 §256B-6 Account funds. Moneys in an ABLE savings account:  (1) Shall be exempt from attachment, execution, or garnishment as provided by section 651-124; and  (2) May be claimed by the medicaid plan subject to limitations imposed by the Secretary. [L 2015, c 206, pt of §2]
HI Rev Stat § 256B-7 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256B. Hawaii ABLE Savings Program|256B-7 Accounts not guaranteed by the State.

 §256B-7 Accounts not guaranteed by the State. (a) Nothing in this chapter shall create or be construed to create any obligation of the director, the State, or any agency or instrumentality of the State to guarantee for the benefit of any account owner or designated beneficiary with respect to the:  (1) Return of principal;  (2) Rate of interest or other return on any account; or  (3) Payment of interest or other return on any account.  (b) The director shall adopt rules to provide that every contract, application, or other similar document that may be used in connection with opening an account clearly indicates that the account is not insured by the State and that the principal deposited and the investment return are not guaranteed by the State. [L 2015, c 206, pt of §2]
HI Rev Stat § 256B-8 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|256B. Hawaii ABLE Savings Program|256B-8 Hawaii ABLE savings program trust fund.

 §256B-8 Hawaii ABLE savings program trust fund. (a) There is established the Hawaii ABLE savings program trust fund within the treasury of the State. The fund shall consist of moneys received from an ABLE savings program manager, any governmental or private grants, and any general fund appropriations for the program.  (b) The fund shall be used if the director elects to accept deposits from contributors, rather than have deposits sent directly to the program manager. The fund shall consist of any moneys deposited by contributors in accordance with this chapter which are not deposited directly with the program manager.  (c) All interest derived from the deposit and investment of moneys in the savings program trust fund shall be credited to the fund. At the end of any fiscal year, all unexpended and unencumbered moneys in the savings program trust fund shall remain in the savings program trust fund and shall not be credited or transferred to the general fund or any other funds.  (d) All expenses incurred by the director in developing and administering the ABLE savings program shall be payable from the Hawaii ABLE savings program trust fund. [L 2015, c 206, pt of §2]
HI Rev Stat § 257-2 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-2 Eligible individuals.

  §257-2 Eligible individuals. (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. [L 1999, c 160, pt of §25]
HI Rev Stat § 257-3 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-3 Fiduciary organizations.

  §257-3 Fiduciary organizations. (a) Fiduciary organizations shall serve as an intermediary between individual development account holders and financial institutions holding accounts. The fiduciary organization's responsibilities may include:  (1) Marketing participation;  (2) Soliciting matching contributions;  (3) Counseling program participants; and  (4) Conducting verification and compliance activities.  (b) Locally-based organizations shall enter into a competitive process for the right to become fiduciary organizations for a portion of the state matching dollars that would be authorized initially. Fiduciary organization proposals shall be evaluated and participation rights awarded on the basis of such items as:  (1) Their ability to market the program to potential individual development account holders and potential matching fund contributors;   (2) Their ability to provide safe and secure investments for individual development accounts;  (3) Their overall administrative capacity, including:  (A) Certifications or verifications required to assure compliance with eligibility requirements;  (B) Authorized uses of the accounts matching contributions by individuals or businesses; and  (C) Penalties for unauthorized distributions;   (4) Their capacity to provide financial counseling and other related services to potential participants; and   (5) Their links to other activities designed to increase the independence of individuals and families through high return investments, including homeownership, education and training, and small business development.  (c) If the State approves an application to fund an individual development account project under this section, the State shall, not later than one month after June 28, 1999, authorize the applicant to conduct the project with state funds for five project years in accordance with the approved application and this section; provided that an applicant may apply for funding during future fiscal years for five project years if the State lacks the resources to fund an individual development account project pursuant to this subsection.  (d) For each individual development account program approved under this section, the State shall make a grant to the qualified entity or collaboration of entities authorized to conduct the project on the first day of the project year in an amount not to exceed $100,000 per year for five years.  (e) From among the individuals eligible for assistance under the Hawaii individual development account program, each selected fiduciary organization shall select the individuals whom the fiduciary organization deems to be best suited to receive such assistance. [L 1999, c 160, pt of §25] Revision Note  "June 28, 1999" substituted for "the date of the enactment of this Act" pursuant to §23G-15.
HI Rev Stat § 257-4 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-4 Penalties.

  §257-4 Penalties. (a) The fiduciary organization shall establish a grievance committee and a procedure to hear, review, and decide in writing any grievance made by an individual development account holder who disputes a decision of the operating organization that a withdrawal is subject to penalty.  (b) Each fiduciary organization shall establish regulations as are necessary, including prohibiting eligibility for further assistance under an individual development account project conducted under this chapter, to ensure compliance with this chapter if an individual participating in the individual development account project moves from the community in which the project is conducted or is otherwise unable to continue participating in the project. [L 1999, c 160, pt of §25]
HI Rev Stat § 257-5 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-5 Death.

  §257-5 Death. In the event of an account holder's death, the account may be transferred to the ownership of a contingent beneficiary. An account holder shall name contingent beneficiaries at the time the account is established and may change beneficiaries at any time. If the named beneficiary is deceased or otherwise cannot accept the transfer, the moneys shall be transferred to the individual development account match fund of the fiduciary organization. [L 1999, c 160, pt of §25]
HI Rev Stat § 257-6 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-6 Financial institutions.

  §257-6 Financial institutions. (a) Financial institutions shall be permitted to establish individual development accounts pursuant to this chapter. The financial institution shall certify to the fiduciary organization, on forms prescribed by same and accompanied by any documentation required by it, that such accounts have been established pursuant to all the provisions of this chapter and that deposits have been made on behalf of the account holder.  (b) A financial institution establishing an individual development account shall:   (1) Keep the account in the name of the account holder;  (2) Permit deposits to be made in the account by the following, subject to the indicated conditions:  (A) The account holder; or  (B) A contribution made on behalf of the account holder. Such deposits may include moneys to match the account holder's deposits. [L 1999, c 160, pt of §25]
HI Rev Stat § 257-7 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-7 Assets; disregarded.

  §257-7 Assets; disregarded. The department of human services shall collaborate with individual development account fiduciary organizations to ensure that the accounts as provided for in this chapter, including any earned interest, shall be disregarded in the determination of benefits or eligibility for services account holders may receive from the department of human services as allowed by federal and state laws and regulations.  The department of human services shall establish rules to be aligned with individual development accounts. [L 1999, c 160, pt of §25; am L 2007, c 249, §44]
HI Rev Stat § 257-8 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-8 Matches.

  §257-8 Matches. (a) The State shall match an amount of up to $100,000 per calendar year for individual development accounts.  (b) Not more than a 2:1 match of state funds to account holder deposits shall be deposited into any individual development account in a given year. [L 1999, c 160, pt of §25]
HI Rev Stat § 257-9 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-9 Tax exemption.

  §257-9 Tax exemption. All moneys contributed into an individual development account, including state and private matches, individual savings, and interest earned, shall be exempt from taxation. [L 1999, c 160, pt of §25]
HI Rev Stat § 257-10 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-10 REPEALED.

  §257-10 REPEALED. L 2021, c 117, §38.
HI Rev Stat § 257-11 (2021)
2021 Hawaii Revised Statutes|Title 14. Taxation|257. Individual Development Accounts|257-11 Administration; evaluation; information; reporting.

  §257-11 Administration; evaluation; information; reporting. (a) The fiduciary organization running an individual development account program shall have sole authority over the administration of the project. The State may prescribe only such regulations with respect to demonstration projects under this chapter as are necessary to ensure compliance pursuant to this chapter.  (b) Each individual development account program shall annually report the number of accounts, the amount of savings and matches for each account, the uses of the account, and the number of businesses, homes, and educations purchased, as well as other information as may be required for responsible operation of the program.  (c) The fiduciary organization shall submit to the legislature its findings and recommendations no later than twenty days prior to the convening of each legislative session.  (d) Selected fiduciary organizations may use no more than ten per cent of state funds as appropriated under this [chapter] to cover administrative costs in any given year. [L 1999, c 160, pt of §25]
HI Rev Stat § 261-2 (2021)
2021 Hawaii Revised Statutes|Title 15. Transportation and Utilities|261. Aeronautics|261-2 Development of aeronautics, general.

 §261-2 Development of aeronautics, general. The department of transportation shall have general supervision over aeronautics within the State. It shall encourage, foster, and assist in the development of aeronautics in the State and encourage the establishment of airports and air navigation facilities. It shall cooperate with and assist the federal government and other persons in the development of aeronautics and shall seek to coordinate the aeronautical activities of the State with those of the federal government. Municipalities may cooperate with the department in the development of aeronautics and aeronautics facilities in the State. [L 1947, c 32, pt of §1; RL 1955, §15-7; am L Sp 1959 2d, c 1, §26; HRS §261-2] Cross References  Functions, generally, see §26-19.