805 Sale of an Asset
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Child Care - No requirement POWER - W.S. 42-2-109, W.S. 42-2-202 |
A. Consider the proceeds from the sale of an exempt or nonexempt asset as an asset rather than income and require the proceeds to be within the appropriate asset limit to remain eligible for assistance.
B. See Land, buildings and other real property in Section 806.
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SNAP – 7 CFR 273.8, 9 |
C. Consider installment payments resulting from the sale of an asset, minus costs of doing business, as unearned income.
D. Consider installment contracts for the sale of land, buildings or vehicles, if the contract or agreement is producing income consistent with its fair market value, as an excluded asset.
1. The exclusion shall also apply to the value of the property sold under the installment contract, or held as security in exchange for a purchase price consistent with the fair market value of that property.
E. See policy section 1209 “Lump Sums” for a one-time payment.