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Table of Contents Assets i 1610.0000 Food Stamps .............................................................. 1 1610.0100 ASSET DEFINITION (FS) ........................................................................................ 1 1610.0200 ASSET LIMITS (FS) ................................................................................................. 1 1610.0206 Verification of Assets (FS) .................................................................................... 1 1610.0300 ASSET OWNERSHIP AND AVAILABILITY (FS) .................................................... 1 1610.0301 Joint Ownership (FS) ............................................................................................ 1 1610.0302 Joint Ownership of Bank Accounts (FS) ............................................................... 1 1610.0304 Ownership of Real Property (FS) ......................................................................... 2 1610.0305.02 Shared Ownership of Real Property (FS) ........................................................... 2 1610.0308 General Availability (FS) ....................................................................................... 2 1610.0309.01 Availability of Assets (FS) ................................................................................... 2 1610.0309.02 Availability of Trusts (FS) .................................................................................... 3 1610.0309.03 Residents of Shelters (FS) .................................................................................. 3 1610.0316 Legal Restrictions to Availability (FS) ................................................................... 3 1610.0321 Assets Unavailable - Circumstances Beyond Control (FS) .................................. 4 1610.0400 GENERAL DETERMINATION OF ASSET VALUE (FS) ......................................... 4 1610.0403 When Asset Value Affects Eligibility (FS) ............................................................. 4 1610.0407 Definition of Actual Value (FS) ............................................................................. 4 1610.0409 Conversion of Assets (FS).................................................................................... 4 1610.0500 ASSETS: DEFINITIONS AND VALUE DETERMINATIONS (FS) .......................... 4 1610.0501 Bank Accounts (FS) .............................................................................................. 5 1610.0503 Funds in a Convenience Bank Account (FS) ....................................................... 5 1610.0504 Time Deposits (FS) ............................................................................................... 5 1610.0505 Retirement Accounts and Pension Plans (FS) ..................................................... 5 1610.0505.07Individual Development Accounts (FS) ................................................................ 5 1610.0506 Verification of Bank Accounts (FS) ....................................................................... 6 1610.0508 Funeral Agreement (FS) ....................................................................................... 6 1610.0516 Burial Spaces (FS) ............................................................................................... 6 1610.0517 Verification of Burial Spaces (FS) ........................................................................ 6 1610.0518 Cash (FS) ............................................................................................................. 6 1610.0519 Verification of Cash (FS) ...................................................................................... 6 1610.0520 Lump Sum Payments (FS) ................................................................................... 6 1610.0521 Prorated Money (FS) ............................................................................................ 7 1610.0526 Disaster Assistance (FS) ...................................................................................... 7 1610.0529 Energy Assistance Payments (FS) ....................................................................... 7 1610.0530 Business Inventory (FS) ....................................................................................... 8 1610.0534 Home (FS) ............................................................................................................ 8 1610.0535 Home Temporarily Unoccupied (FS) .................................................................... 8 1610.0536 Intent to Build a Home (FS) .................................................................................. 8 1610.0537 Good Faith Effort to Sell (FS) ............................................................................... 8 1610.0544 Income Producing Property (FS) .......................................................................... 9 1610.0545 Installment Contracts (FS) .................................................................................... 9 1610.0546 Rental Property (FS) ............................................................................................. 9 1610.0550 Indian Land (FS) ................................................................................................... 9 1610.0552 Life Insurance (FS) ............................................................................................... 9 1610.0556 Loans (FS) ............................................................................................................ 9 1610.0557 Counting Loans (FS) ............................................................................................ 9 1610.0562 Student Grants, Loans and Scholarships (FS) ................................................... 10 1610.0563 Personal Property (FS) ....................................................................................... 10