ORS 458.675: Legislative findings.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
The Legislative Assembly finds that: (1) The problem of poverty will not be solved solely by government programs and income subsidies. (2) Family economic well-being does not come solely from income, spending or consumption, but instead requires savings, investment and the accumulation of assets. (3) It is appropriate for the state to institute an asset-based antipoverty strategy. (4) The state has an opportunity to take advantage of private and federal resources by making the transition to an asset-based antipoverty strategy. Those resources may include, but are not limited to, the Assets for Independence Act (42 U.S.C. 604) and the Workforce Innovation and Opportunity Act (29 U.S.C. 3101 et seq.). (5) Investment through an individual development account system will help lower income households obtain the assets they need to succeed. Communities and this state will experience resultant economic and social benefits accruing from the promotion of the financial stability and resilience of lower income households. [1999 c.1000 §2; 2017 c.185 §12; 2017 c.297 §35; 2021 c.525 §9]
Official history and status
History: Note: See note under 458.670.
Administrative rules citing this section
- OAR 813-002-0005: Temporary rule language in effect until 01/08/2027. Purpose and Objectives — implements
- OAR 813-002-0005: Temporary rule language in effect until 01/08/2027. Purpose and Objectives — authority
- OAR 813-002-0010: Definitions — implements
- OAR 813-002-0010: Definitions — authority
- OAR 813-002-0025: Funding Applications — implements
- OAR 813-002-0025: Funding Applications — authority
- OAR 813-002-0030: Technical Advisory — implements
- OAR 813-002-0030: Technical Advisory — authority
- OAR 813-002-0045: Protests and Judicial Review of Funding Decisions — implements
- OAR 813-002-0045: Protests and Judicial Review of Funding Decisions — authority
- OAR 813-002-0055: Fees and Charges — implements
- OAR 813-002-0055: Fees and Charges — authority
- OAR 813-300-0005: Purpose and Objectives — implements
- OAR 813-300-0010: Definitions — implements
- OAR 813-300-0020: Fiduciary Organization Application Process — implements
- OAR 813-300-0030: Fiduciary Organization Application Review — implements
- OAR 813-300-0040: Fiduciary Organization General Responsibilities — implements
- OAR 813-300-0060: Fiduciary Organization Suspension or Revocation of Account Holder Status — implements
- OAR 813-300-0070: Fiduciary Organization Funding — implements
- OAR 813-300-0080: Fiduciary Organization Use of Tax Credit Contributions and Supplemental Funds — implements
- OAR 813-300-0090: Fiduciary Financial Controls; Audit and Repayment Responsibilities — implements
- OAR 813-300-0100: Fiduciary Organization Records and Reporting Requirements — implements
- OAR 813-300-0120: Account Holder Use of Funds — implements
- OAR 813-300-0130: Voluntary Revocation of Fiduciary Organization Role — implements
- OAR 813-300-0150: Tax Credit Contributor — implements
- OAR 813-300-0160: Department Regulation and Enforcement — implements
- OAR 813-300-0170: Administrative Review — implements
This rule cites
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors458.html