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with requirements under this chapter. The amount of payment assistance equals the amount needed, when added to other income and assets of the resident, to pay the monthly or daily rates set under AS 47.55.030(f) plus charges under AS 47.55.030(b). Payment assistance received by a home resident is a debt to the state. In determining the amount of payment assistance for which a home resident qualifies, the following income, assets, and other resources of the resident shall be disregarded: (1) income from any source in an amount up to $300 a month as established by the department by regulation; (2) the following assets received under 43 U.S.C. 1601 et seq. (Alaska Native Claims Settlement Act): (A) cash dividends and other income equal to at least $2,000 as established by the department by regulation; (B) stock; (C) noncash dividends from stock; and (D) land; (3) a permanent fund dividend issued under AS 43.23; (4) compensation to volunteers under the federal retired and senior volunteers (42 U.S.C. 5001), foster grandparents (42 U.S.C. 5011), and senior companion (42 U.S.C. 5013) programs made in accordance with 42 U.S.C. 5044(f); (5) federal World War II restitution payments made under 50 U.S.C. App. 1989b-4 and c-5; (6) payments under AS 18.67 (Violent Crimes Compensation Board); (7) an amount, determined by the department by regulation, that is sufficient for burial expenses of the resident, the resident's spouse, and dependents of the resident; (8) real property being used as the primary residence of the resident's spouse or a dependent of the resident; (9) other real or personal property equal to at least a total value of up to $10,000 as established by the department by regulation; (10) federal payments that are excluded by law from income for federal assistance purposes. (e) As a condition for receipt of payment assistance under (d) of this section, the department, under regulations adopted by the department, shall require a person to (1) apply for other state or federally sponsored programs that may reduce the amount of the payment assistance; and (2) submit to the department a copy of the person's application for medical assistance coverage under AS 47.07 and the decision letter the person receives regarding the application. (f) Instead of accepting federal prescription drug benefits under AS 47.55.010(c)(1), the department may adopt regulations to provide comparable prescription drug benefits to pioneers and veterans who reside in an Alaska Pioneers' Home operated under this chapter and who are eligible for federal prescription drug benefits.