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AS 47.25.430 AS 47.25.460 7 AAC 40.280. Resource exclusions. (a) The following resources are excluded in determining the resources of an applicant, together with resources of the applicant’s spouse under 7 AAC 40.240:

(1) the home of an applicant if used as his principal place of residence, all land contiguous to it, and all outbuildings necessary for operation of the home;

(2) household goods and personal effects having an equity value of $2,000 or less, one wedding ring, one engagement ring, and any household goods or personal effects the retention of which is necessitated by an applicant’s physical condition, such as a prosthetic device or hospital bed;

(3) one motor vehicle regardless of value if the motor vehicle is used by the applicant or a member of his family for employment or for obtaining regular medical treatment or if the vehicle has been modified for use by a person with a disability; any other motor vehicle is excluded to the extent that its retail market value does not exceed $4,500;

(4) property necessary for the self-support of an applicant, including real or personal property used in a trade or business, if the property is producing income consistent with its value;

(5) property of a blind or disabled applicant needed to fulfill a plan for achieving self-support that has been approved by the Social Security Administration or by the division of vocational rehabilitation;

(6) stock held by an Alaska Native in a regional or village corporation under the Alaska Native Claims Settlement Act (43 U.S.C. 1606 and 1607);

(7) term insurance and burial insurance without regard to value and life insurance if the face value of life insurance policies on an individual does not exceed $1,500; if the face value of life insurance exceeds $1,500, its cash surrender value is a resource;

(8) cash received from an insurance company to replace or repair an excluded resource if used for repair or replacement within three months of receipt in the case of personal property and within six months in the case of real property;

(9) allotted lands held by an applicant who is of Indian descent from a federally recognized Indian tribe if the land cannot be alienated without the permission of the tribe or the federal government;

(10) payments made under Title II of the Uniform Relocation Assistance and Real