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SNAP 402-1 RESOURCES Countable and Excluded Resources Supersedes: FS 402-1 (04/01/08); Bulletin 81 (02/09/2011), Bulletin 88 (02/08/12); Policy Memo 08/20/2021 Reference: 7 CFR 273.8 Overview: The equity value of all resources (real and personal property) owned by the filing/assistance unit is countable unless specifically excluded by regulation. Some resources may be excluded if they are evaluated and determined inaccessible. ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) ACCOUNTS: ABLE accounts are tax-favored savings accounts established to provide secure funding for disability- related expense on behalf of designated beneficiaries deemed disabled before age 26. ABLE accounts are excluded both as income and resources. AGENT ORANGE: Payments under the Agent Orange Compensation Act (P.L. 101-201) are excluded. EXCEPTION: P.L. 102- 4, Agent Orange Act of 1991, authorized veterans' benefits to some veterans with service-connected disabilities resulting from exposure to Agent Orange. These VA payments are NOT excluded. ALIEN’S SPONSOR’S RESOURCES: The income and resources of the alien's sponsor and sponsor's spouse are deemed (SNAP 301-3) available to the sponsored alien (refugees do not have sponsors); until the alien: 1. Has obtained U.S. citizenship through naturalization; or 2. Has worked 40 qualifying quarters. EXCEPTION: The income and resources of the alien's sponsor are not deemed when determining eligibility and the benefit amount for an immigrant child who is under 18 years old. ANNUITIES: Annuities are contracts or agreements providing for the payment of income at regular intervals (e.g., monthly, quarterly, annually, etc.). The resource is entered in CHIMES based on the source of the annuity. If payments are made from the annuity, the annuity is excluded as a resource; however, the payments must be evaluated as unearned income. If payments are not made, the annuity must be evaluated to determine its accessibility. It is necessary to establish the source of the annuity (e.g.,