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knowledgeable of the value of the type of asset in question.
c. The “same geographic area in which the asset was located” is the same area as covered by local radio, television, newspaper or other media.
2. If the evidence provided proves that the value of the transferred asset is less than the value established under policy, recalculate the uncompensated value using the lesser value.
a. If no compensation was received for the transferred asset, shorten the sanction period according to the reduced value of the transferred asset.
b. If partial compensation was received, that is at least equal to the reduced value of the transferred asset, do not impose a sanction period.
c. If partial compensation was received that is less than the reduced value of the transferred asset, shorten the sanction period according to the reduced uncompensated value of the transfer.
3. To prove that the value of compensation received in return for a transferred asset is greater than the value established under policy, the a/b, or the a/b’s spouse must provide convincing evidence of the greater value.
a. For compensation received in the form of real or personal property, use the evidence listed in XII.B.1. above. b. If the evidence provided proves that the value of the compensation received for a transferred asset is greater than the value established by the local agency, recalculate the uncompensated value of the transfer based on the greater value of the compensation.
c. If compensation was received that is at least equal to the value of the transferred asset, do not impose a sanction. d. If partial compensation was received that is less than the value of the transferred asset, shorten the sanction period to the reduced uncompensated value of the transfer. e. Examples of evidence include: • cancelled checks, • receipts, • bills of sale, • records of a bank or other financial institution that establishes the value of compensation received. 4. To prove that all or a portion of a transferred asset has been returned, the a/b or the a/b’s spouse must provide evidence establishing the return of the asset.
a. The asset may be returned beyond the time required to provide evidence. When