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7 AAC 100.138. Exempt resources. (a) The department will not consider exempt resources in determining eligibility for Family Medicaid benefits. A resource is exempt if it is determined to be wholly or partially exempt under this section or 7 AAC 100.140. (b) The physical structure that serves as the applicant’s or recipient’s residence, and the single legally described piece of real property upon which that structure is situated, are an exempt resource. (c) A business property is an exempt resource if the property is also the applicant’s or recipient’s residence or is on the same legally described piece of real property upon which the applicant’s residence is situated. (d) The following distributions received by an Alaska Native or descendant of an Alaska Native from a Native corporation formed under 43 U.S.C. 1601 — 1629h (Alaska Native Claims Settlement Act) are exempt resources:

(1) cash, including cash dividends on stock or bonds, received by the individual from the Native corporation before February 3, 1988;

(2) cash, including cash dividends on stock or bonds, received by the individual from the Native corporation on or after February 3, 1988, to the extent that it does not, in the aggregate, exceed $2,000 per individual each year; if that $2,000 limit is exceeded, the amount of the excess is a nonexempt resource;

(3) stock issued or distributed by a Native corporation, including stock issued as a dividend or an amount paid in the form of stock;

(4) a partnership interest;

(5) land or an interest in land, including land or an interest in land received from a Native corporation as a dividend or distribution on stock;

(6) an interest in a settlement trust. (e) Payments made to or held in trust for a member of an Indian tribe under 25 U.S.C. 117a — 117c, 459 — 459e, 1261, and 1401 — 1408, and purchases made with that money, are exempt resources. (f) Land that is classified as “Native Restricted Deed” and that cannot be sold without approval of the United States Department of Interior, Bureau of Indian Affairs, or land that may not have the same classification but that has substantially similar title restrictions, is an exempt resource. Any house permanently attached to Native restricted deed land is an exempt resource