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SNAP/TANF PROGRAM POLICY MANUAL

CHAPTER: 2600 SECTION: 2600.00.00 RESOURCES TABLE OF CONTENTS

CONTENTS 2600.00.00 RESOURCES .......................................................................................................................... 5

2605.00.00 PRINCIPLES OF RESOURCES .................................................................................................. 5 2605.05.00 DEFINITION OF RESOURCES ................................................................................................. 5 2605.10.00 OWNERSHIP OF RESOURCES ................................................................................................ 6 2605.10.05 JOINT OWNERSHIP OF RESOURCES ...................................................................................... 6 2605.10.10 JOINT OWNERSHIP OF VEHICLES.......................................................................................... 7 2605.15.00 AVAILABILITY OF RESOURCES............................................................................................... 7 2605.15.05 INSIGNIFICANT RESOURCES (S) ............................................................................................ 7 2605.20.05 RESOURCE ELIGIBILITY DATE (S) ........................................................................................... 8 2605.20.10 RESOURCE ELIGIBILITY (C) .................................................................................................... 9 2605.25.00 DETERMINING RESOURCE VALUE ........................................................................................ 9 2605.25.05 VEHICLE VALUATIONS .......................................................................................................... 9

2605.25.10 REAL PROPERTY VALUE ...................................................................................................... 10 2605.25.10.05 LIFE ESTATE AND REMAINDER VALUE ........................................................................ 10 2605.25.10.10 LIFE ESTATE AND REMAINDER TABLES....................................................................... 11 2605.25.10.15 MINERAL RIGHTS VALUE ............................................................................................ 13 2605.30.00 CONVERSION OF RESOURCES ............................................................................................ 14 2605.35.00 VERIFICATION OF RESOURCES ........................................................................................... 14 2605.40.00 MONITORING OF RESOURCES ............................................................................................ 14 2610.00.00 RESOURCE LIMITS .............................................................................................................. 14 2615.00.00 TYPES AND VALUE OF PERSONAL PROPERTY ..................................................................... 15

2615.05.00 CASH ON HAND .................................................................................................................. 15 2615.10.00 BANK AND OTHER ACCOUNTS ........................................................................................... 15 2615.10.05 SAVINGS AND CHECKING ACCOUNTS ................................................................................ 15 2615.10.05.05 BUSINESS ACCOUNTS (S) ............................................................................................ 16 2615.10.05.10 PAYMENT PROCESSING APPS ..................................................................................... 16 2615.10.10 TIME DEPOSITS ................................................................................................................... 17

2615.10.15 SAFETY DEPOSIT BOX ......................................................................................................... 17 2615.10.20 COMMINGLED FUNDS (S) ................................................................................................... 17