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Minnesota Family Investment Program Minnesota House Research Department Page 6 consecutive calendar months if the household income does not exceed 275 percent of federal poverty guidelines (FPG).3 Asset Limits The equity value of an assistance unit’s personal property must not exceed $10,000.4 Personal property is limited to: (1) cash; (2) bank accounts; (3) liquid stocks and bonds that can be readily accessed without a financial penalty; (4) nonexcluded vehicles (one vehicle per assistance unit member age 16 or older will be excluded when determining the equity value of personal property); and (5) the full value of business accounts used to pay expenses not related to the business. Additional Eligibility Requirements for MFIP To receive MFIP, families who meet the program’s income and asset limits must also:  have a minor child in the home (or be pregnant);  be residents of Minnesota;  be U.S. citizens, qualified noncitizens, or noncitizens otherwise lawfully residing in the United States;  assign rights to child support;  have received fewer than 60 months of assistance; and  satisfy any other eligibility requirements of the program. This section provides more information about each of these additional requirements. Minor Child Eligible families must have a minor child. To receive MFIP assistance, a family must include at least one minor child or a pregnant woman. Residency and Citizenship Eligible families must be residents of Minnesota. A resident is defined as an individual who has been domiciled in Minnesota for at least 30 days, with the intent to remain here. As long as one member of an MFIP assistance unit meets this 30-day residency requirement, the entire unit is considered to have met it. Time spent in a battered women’s shelter counts towards this requirement. Families facing an unusual hardship because they are without alternative shelter or without resources for food are exempt from the 30-day residency requirement. Migrant workers and

3 See Minn. Stat. § 256P.06, subd. 2. 4 See Minn. Stat. § 256P.02, subd. 2.