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SNAP/TANF PROGRAM POLICY MANUAL

CHAPTER: 2600 SECTION: 2600.00.00 RESOURCES TABLE OF CONTENTS

CONTENTS 2600.00.00 RESOURCES .......................................................................................................................... 6

2605.00.00 PRINCIPLES OF RESOURCES .................................................................................................. 6 2605.05.00 DEFINITION OF RESOURCES ................................................................................................. 6 2605.10.00 OWNERSHIP OF RESOURCES ................................................................................................ 7 2605.10.05 JOINT OWNERSHIP OF RESOURCES ...................................................................................... 7 2605.10.10 JOINT OWNERSHIP OF VEHICLES.......................................................................................... 8 2605.15.00 AVAILABILITY OF RESOURCES............................................................................................... 8 2605.15.05 INSIGNIFICANT RESOURCES (S) ............................................................................................ 8

2605.20.05 RESOURCE ELIGIBILITY DATE (S) ........................................................................................... 9 2605.20.10 RESOURCE ELIGIBILITY (C) .................................................................................................. 10 2605.25.00 DETERMINING RESOURCE VALUE ...................................................................................... 10 2605.25.05 VEHICLE VALUATIONS ........................................................................................................ 10 2605.25.10 REAL PROPERTY VALUE ...................................................................................................... 11 2605.25.10.05 LIFE ESTATE AND REMAINDER VALUE ........................................................................ 11 2605.25.10.10 LIFE ESTATE AND REMAINDER TABLES....................................................................... 12 2605.25.10.15 MINERAL RIGHTS VALUE ............................................................................................ 14 2605.30.00 CONVERSION OF RESOURCES ............................................................................................ 15 2605.35.00 VERIFICATION OF RESOURCES ........................................................................................... 15

2605.40.00 MONITORING OF RESOURCES ............................................................................................ 15 2610.00.00 RESOURCE LIMITS .............................................................................................................. 15 2615.00.00 TYPES AND VALUE OF PERSONAL PROPERTY ..................................................................... 16 2615.05.00 CASH ON HAND .................................................................................................................. 16 2615.05.10 CROWDFUNDING ACCOUNTS ............................................................................................ 16 2615.10.00 BANK AND OTHER ACCOUNTS ........................................................................................... 16 2615.10.05 SAVINGS AND CHECKING ACCOUNTS ................................................................................ 17 2615.10.05.05 BUSINESS ACCOUNTS (S) ............................................................................................ 17

2615.10.05.10 PAYMENT PROCESSING APPS ..................................................................................... 18 2615.10.10 TIME DEPOSITS ................................................................................................................... 18 2615.10.15 SAFETY DEPOSIT BOX ......................................................................................................... 19