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2600.00.00 RESOURCES This chapter presents requirements for determining eligibility based on resources. The chapter contains the following main sections: • Principles of Resources (Section 2605) • Resource Limits (Section 2610) • Types and Value of Personal Property Resources (Section 2615) • Types and Value of Real Property Resources (Section 2620) • Plan for Achieving Self-Support (Section 2625) • Resources Exempted Under Federal Law (Section 2630) • Resource Eligibility Determination (Section 2635) • Transfer of Property (Section 2640) 2605.00.00 PRINCIPLES OF RESOURCES This entire chapter is inapplicable to MED 3 and TMA (MA F). The resources owned by specific individuals must be identified and evaluated according to the requirements of each program. A distinction between resources and income must always be made so that proper consideration is given to each. Section 2605 outlines principles which apply to the consideration of resources in the determination of eligibility for assistance. All property not specifically exempted in the following sections is countable as a resource. When there is an agreement to offer to dispose of real property, the agreement should be considered to be effective for the purposes of the application (see 2620.20.10). 2605.05.00 DEFINITION OF RESOURCES Resources are real or personal property that is owned solely or jointly by an individual. Real property is land, including buildings or immovable objects attached permanently to the land. Real property also includes life estates, remainder interests, and mineral rights. (Refer to Sections 2605.25.10 and 2620.00.00). Personal property includes all property that is not real property. The eligibility system resource screens identify the following types of personal property as liquid resources: • Cash on hand (including balances on a pay card) • Checking accounts • Savings accounts, including Christmas Club