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SNAP CERTIFICATION MANUAL – SECTION 7000 7400 Resource Eligibility 7410 Resource Chart

Name of Resource How Handled Policy Reference Checking Accounts Count full value. CAUTION: Do not count current or prorated income as a resource. It may be necessary to determine ownership as per SNAP 4601. SNAP 4601 Earmarked Funds Exclude as resource if household is subject to legal sanction if funds are not used as intended. SNAP 4460 Excess Real Property County equity value. SNAP 4700 Home and Lot Exclude as a resource. SNAP 4410 Household Goods Exclude as a resource. SNAP 4420 Income Producing Property Exclude as a resource. (If real property, it must be producing income consistent with fair market value.) SNAP 4440 Indian Lands Exclude as a resource. SNAP 4450 IRAs Count the total cash value less the amount of any penalty for early withdrawal. SNAP 4630 Keogh Plans Count Keogh plans held solely by a household member or members. Count the total cash value less the amount of any penalty for early withdrawal. SNAP 4640 Jewelry Exclude as a resource. SNAP 4420 Life Insurance Policies Exclude as a resource. SNAP 4420 Livestock Exclude as either income producing property or as personal property. SNAP 4420 Lump Sum Payments Count as a resource. SNAP 4950 Payments/Benefits Excluded by Law Exclude as a resource. See SNAP 4450 for a full list. SNAP 4450 Pension Funds Exclude as a resource. SNAP 4420 Property for Sale Consider inaccessible. Exclude as a resource. SNAP 4530 Property in Probate Consider inaccessible. Exclude as a resource. SNAP 4520 Recreational vehicles (Three or four wheelers, motorcycles, go-carts, motor homes, campers, etc.) Handle in the same manner as other vehicles. SNAP 4800 Savings Accounts Count full value. CAUTION: Do not count current or prorated income as a resource. It may be necessary to determine ownership as per SNAP 4601. SNAP 4650