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amount is entered, not just the amount in excess of $30. Interest income is NOT irregular or infrequent. The eligibility staff member must evaluate the amount of income received and how often it is received to determine how to budget the income. LEASE INCOME: Lease income from Indian Lands - see SNAP 501-2 Native American Income. Lease income unrelated to Native American resources is countable. The anticipated income is prorated over the period it was intended to cover. When the filing unit is in the business of buying and selling leases or managing lease property, the income is considered self- employment (SNAP 503-1 Self Employment). LOANS RECEIVED BY THE HOUSEHOLD: All valid loans including loans from private individuals and commercial institutions are excluded. Educational loans (SNAP 501-1). NOTE: All loans received, other than deferred repayment educational loans, are considered resources since they are available as liquid resources (cash on hand or in checking accounts) until the money from the loan is spent. Verification of a valid loan: A written or oral statement indicating the money received is a loan and is to be repaid at a future date. It is a best practice to request the loan statement be written and signed by both parties. LOAN REPAYMENTS TO THE HOUSEHOLD: The principal of a loan repayment is excluded unearned income. The interest is considered countable unearned income. It doesn’t matter if the loan balance is an accessible (countable) resource or not. LOTTERY AND GAMBLING WINNINGS ALL households, whether Change Reporters or Simplified Reporters, must report whenever a member of the household wins substantial lottery or gambling winnings of $4,500 or greater. Lottery or gambling winnings are defined for this requirement as a cash prize won in a single game before taxes or other amounts are withheld. If multiple individuals shared in the purchase of a ticket, hand, or similar bet, then only the portion of the winnings allocated to the member of the SNAP household will be counted toward the eligibility determination. Households with substantial lottery or gambling winnings defined in SNAP 1501-1 Reporting Requirements immediately lose eligibility for SNAP benefits. LUMP SUM PAYMENTS: