Ark. Code Ann. § 20-86-103: Purpose

The purpose of this act is to provide for the establishment of individual development accounts designed to:

(1) Provide individuals and families with limited means an opportunity to accumulate assets;

(2) Facilitate and mobilize savings;

(3) Promote home ownership, microenterprise development, education, saving for retirement, and automobile purchase; and

(4) Stabilize families and build communities.