Effective Date - April 1, 2007

808 Treatment of assets

Child Care - No requirement

Food Stamps - 7 CFR 273.8; ARW, Chapt. 1, Section 4

Aged, Blind and Disabled only - 20 CFR 416, Subpart L; 42 CFR 435, Subpart G

POWER - W.S. 42-2-109, W.S. 42-2-202

Use the following asset table to determine how a asset is to be treated when determining eligibility.

A. Refer to Section 1000 for further information concerning exempt assets under Public Laws.

B. Refer to Section 507 for treatment of assets of excluded individuals for Food Stamps and POWER.

C. Refer to Section 607 for treatment of assets for a sponsored Alien.

D. Use the cash value, unpaid principal or FMV less legal encumbrances to determine the equity value of the nonexempt asset which is then used to determine eligibility.

E. Understand the asset windows will capture the following:

1. Liquid assets which are readily available and easily converted to cash, i.e., checking, savings, C.D.s, etc.

2. Other assets which are available but are not easily converted to cash, i.e., a home, contracts, land, real property, life insurance, boat, camper, etc.

3. Vehicles to include automobile, motorcycle, etc.

F. DO NOT consider the assets when determining eligibility for Child Care, Family Care/Children’s programs.