Page 19

Chapter: 1600 Assets

Program: FS 16 benefits, or assets acquired after the assistance group is determined eligible for benefits are transferred to prevent violation of the maximum asset limit.

The following shows the amount in excess of asset and the corresponding period of disqualification:

$0 - $249.99 = one month $250 - $999.99 = three months $1,000 - $2,999.99 = six months $3,000 - $4,999.99 = nine months $5,000 or more = 12 months

The following transfers do not affect eligibility:

1. assets that would not otherwise affect eligibility; 2. assets that are sold or traded at, or near, fair market value (FMV); 3. assets transferred between members of the same SFU or AG; and 4. assets transferred for reasons other than qualifying or attempting to qualify for FS benefits.

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Page 19

Official source

Chapter: 1600 Assets

Program: FS 16 benefits, or assets acquired after the assistance group is determined eligible for benefits are transferred to prevent violation of the maximum asset limit.

The following shows the amount in excess of asset and the corresponding period of disqualification:

$0 - $249.99 = one month $250 - $999.99 = three months $1,000 - $2,999.99 = six months $3,000 - $4,999.99 = nine months $5,000 or more = 12 months

The following transfers do not affect eligibility:

1. assets that would not otherwise affect eligibility; 2. assets that are sold or traded at, or near, fair market value (FMV); 3. assets transferred between members of the same SFU or AG; and 4. assets transferred for reasons other than qualifying or attempting to qualify for FS benefits.