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Department
of Human Services Families
First Online Policy Manual Individual Development Account |
Revised: |
18.4 |
EXCEPTIONS |
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If a participant chooses to leave the IDA
group, he/she will sign the IDA Departure Form (available from the non-profit
sponsor or the sponsoring PIC) indicating plans to use or not use their IDA
match for a qualified purpose within two years from the used, the matching
funds will be considered a resource (savings + match + interest) If the individual does not plan to use the IDA match, the savings
account is then considered a resource like any other savings account (savings
+ interest). |
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