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The resource limit is the maximum value of nonexempt resources which the AG may retain without affecting eligibility. It is dependent on the composition and living arrangement of the AG and the specific rules that govern each program. An AG with countable resources in excess of the applicable resource limit is ineligible for benefits.

Refer to Section 3005.00.00 for the specific resource limits. 2615.00.00 TYPES AND VALUE OF PERSONAL PROPERTY

This section describes the policy for determining the value of personal property resources. The different types of such resources and their consideration are discussed. 2615.05.00 CASH ON HAND

Cash which is not part of a current month's income is counted as a resource. Cash includes money the individual owns, no matter where it is located. Cash on hand includes: • Amounts carried by the individual; • Amounts the individual has at home and • Amounts held for the individual elsewhere.

Client’s verbal statement declaring the amount of the cash on hand is sufficient verification, unless questionable, then a signed statement would be required. 2615.10.00 BANK AND OTHER ACCOUNTS

Bank accounts refer to funds in a bank, credit union, savings and loan association, or any other financial institution, which are usually payable on demand. Bank accounts may be solely or jointly owned. Joint ownership exists when the right to liquidate the account is shared by more than one individual.

This section provides information on: • Checking and savings accounts; • Time deposits, including IRAs and Keogh Plans; and • Guardianship accounts. 2615.10.05 SAVINGS AND CHECKING ACCOUNTS

It is assumed that all of the funds in a savings or checking account are owned by and available to the individual designated as owner in the account title.

If the account is jointly owned, it is to be presumed that all of the funds belong to each owner. The individuals are to be advised of this presumption and given the opportunity to rebut it. An applicant/recipient who rebuts is responsible for providing proof of ownership of the funds, which includes a record of deposits and withdrawals from the account. Following a successful rebuttal,

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Official source

Refer to Section 3005.00.00 for the specific resource limits. 2615.00.00 TYPES AND VALUE OF PERSONAL PROPERTY

This section describes the policy for determining the value of personal property resources. The different types of such resources and their consideration are discussed. 2615.05.00 CASH ON HAND

Client’s verbal statement declaring the amount of the cash on hand is sufficient verification, unless questionable, then a signed statement would be required. 2615.10.00 BANK AND OTHER ACCOUNTS

This section provides information on: • Checking and savings accounts; • Time deposits, including IRAs and Keogh Plans; and • Guardianship accounts. 2615.10.05 SAVINGS AND CHECKING ACCOUNTS

It is assumed that all of the funds in a savings or checking account are owned by and available to the individual designated as owner in the account title.