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• The U. S. Geological Survey; or • Any mining company that holds leases. 2605.30.00 CONVERSION OF RESOURCES

Whenever a resource is sold or converted from one form to another, the proceeds remain a resource rather than income. Verification concerning the new resource must be obtained.

These exceptions are counted as income: • On-going payments received from the sale for personal property. • On-going payments from land sales contracts (refer to 2615.55.05 for SNAP and 2615.55.10 for CASH) 2605.35.00 VERIFICATION OF RESOURCES

All verification of resources must be obtained from the source (for example, by the bank where the account is held) or through a source document.

Verification of resources is required in all programs. However, the individual's verbal statement as to the amount of cash on hand is sufficient, unless questionable, then a signed statement would be required. (Refer to Section 2615.05.00) When resources are jointly owned, the portion belonging to the individual must be identified and verified. 2605.40.00 MONITORING OF RESOURCES

Each applicant/recipient must be advised of the resource limits of the assistance programs and the responsibility to report any changes in resource amounts which may affect eligibility for assistance.

Resources are verified at each redetermination and must be monitored more frequently if changes are anticipated, or resources are close to the limit. When payments are being made on real property or vehicles, the equity value may require monitoring as each payment will increase the property's equity. Special emphasis must be placed on the need for the recipient to maintain resources within the program's limits in order for assistance to continue. Additionally, eligibility workers are responsible for monitoring resources between redeterminations.

In cases where resources are close to the resource limits, the eligibility worker should check resources frequently or on a monthly basis when necessary. Monthly monitoring of the value of resources would not be required for SNAP assistance groups that are subject to simplified reporting. Refer to Section 2215.05.00. 2610.00.00 RESOURCE LIMITS