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Page 2 - 131LR1316(06) B. Up to $10,000 of nonrecurring lump sum income must be disregarded as income and excluded as an asset if used for the following purposes within 30 days of its receipt: (1) Deposit in a separate identifiable account, approved by the department. Withdrawals from such an account may only be for the purposes identified in subparagraphs (2) to (6) and paragraph C; (2) Expenses for education or job training to attend an accredited or approved postsecondary education or training institution; (3) The purchase or repair of a home that is the family's principal residence; (4) The purchase or repair of a vehicle used for transportation to work or to attend an education or training program; (5) Capital to start a small business for any family member 18 years of age or older; or (6) Placement in a family development account authorized by state law, to the extent that the total balance of such an account remains below $10,000. C. The department shall disregard from income and exclude as an asset nonrecurring lump sum income used within 30 days of receipt or money withdrawn from an account established pursuant to paragraph B, subparagraph (1) or (6), if it is used for the purposes stated in paragraph B, subparagraphs (2) to (6) or to meet the following needs: (1) Health care costs of a household member that are medically necessary and that are not covered by public or private insurance; (2) To address an emergency that may cause the loss of shelter, employment or other basic necessities; or (3) To address other essential family needs approved by the department. D. Nonrecurring lump sum income in excess of the asset limit established in the TANF program that is used for purposes other than those enumerated in paragraphs B or C and nonrecurring lump sum income in excess of $10,000 plus that asset limit must be counted as income and cause the household to be disqualified from receiving TANF assistance under this chapter. The household is disqualified for a period of months calculated by dividing the income countable under this paragraph by the standard of need established by the department for the household.