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non-recipient's statement must be obtained. The recipient must cooperate in locating and obtaining verification from the non-recipient. 2605.15.00 AVAILABILITY OF RESOURCES Resources are available if the owner has unrestricted right, authority, or legal ability to liquidate or dispose of the property or his share of the property. Resources must be available in order to be counted in the eligibility determination.1 Refer to Section 2605.10.10 regarding the availability determination of jointly owned vehicles. Refer to Section 2615.45 regarding the availability determination of savings bonds for MED 1. 2605.20.00 RESOURCE ELIGIBILITY DATE The resource eligibility determination is based on resources owned as of the first day of a month. Ownership of excess resources on the first day of the month renders an applicant or recipient ineligible for medical assistance for the entire month. The first day of the month means the first moment of the first day. Therefore, a financial transaction occurring on the first day does not affect the first of the month resource amount. For applicants, resources must be verified as of the first day of each retroactive month and the month of application. For a redetermination or a resource review, verification of the most current value of resources must be obtained. The value is then used to project resource eligibility for the following month. For liquid resources, the worker must enter on the Liquid Resources screen the resource information for each retroactive month and the month of application, including a "begin date" and an "end date" if the amount differs on the first day of each of the months. Subsequent changes in the amounts during the application processing period must be entered accordingly. Income is considered income in the month received, and a resource the month following. All income received in the previous month that was intended for that month counts as a resource in the following month. The only exception to this is early payments. For example, social security deposited the check on 01/03, but then deposited the February check early on 01/31. The second social security check should be deducted from the 02/01 bank balance. If a member routinely gets income at the end of the month, it is considered income in the month received and a resource the month after. If there are questions, submit to PAL. 2605.25.00 DETERMINING RESOURCE VALUE The value of a resource must be determined in order to establish the amount that must be counted toward the resource limit. With a few exceptions, the amount of any resource to be counted is the equity value. Equity value is the current fair market value, minus the total amount of liens against the