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assistance, an applicant consents to release of confidential and other information to the division. (Eff. 9/17/77, Register 63; am 8/17/84, Register 91) Statutory Authority: Authority: AS 47.05.010 AS 47.08.130 7 AAC 48.070. Calculation of applicant’s share. (a) Except as provided in (d) and (g) of this section, the committee will determine the applicant’s share according to the following formula: (40 percent of adjusted gross annual income) + (value of liquid resources – $1,000) + (10 percent of value of nonliquid resources) = applicant’s share (b) Adjusted gross income is determined by subtracting 20 percent of the applicant’s gross annual income, and by then subtracting $1,000 for each dependent from the gross annual income. (c) The value of liquid and nonliquid resources includes all assets of the applicant and his family which are not excluded by AS 47.08.060 or this subsection. The following assets are excluded:

(1) not more than five acres of land on which the applicant’s permanent place of abode is situated;

(2) repealed 8/17/84;

(3) repealed 8/17/84;

(4) repealed 8/17/84;

(5) $1,000 of liquid assets; liquid assets other than cash are evaluated according to their equity value; and

(6) repealed 8/17/84;

(7) repealed 8/17/84;

(8) repealed 8/17/84;

(9) repealed 8/17/84;

(10) 90 percent of nonliquid assets.