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assignment or successor-in-interest contract prior to 10/22/2004, and one year contracts made with “Tobacco Transaction Payment Notification of Approval and Appeal Rights” CCC approved financial institutions. 6. For an assignment contract made with a third party in exchange for other property, the property obtained is a conversion of a resource in the month the contract is completed and becomes the new resource as of the first moment of the month following the assignment month. 7. Evaluate all assignment successor-in-interest contracts made in 5. and 6, above for a potential transfer of asset sanction. Refer to MA-2240, Transfer of Assets. HH. Pigford/Brewington vs. Glickman Settlement This is a settlement for black farmers who were discriminated against when applying for farm loans. Taxes may be withheld by the government. Since this is a one-time payment, refer to VI. B. 34, above for treatment as a lump sum payment. IX. COMPUTATION A. Computation Outline The following steps are in the required order for income computation. 1. Unearned Income a. Verify countable unearned income. b. Evaluate for Infrequent or Irregular Income Exclusion ($60.00 unearned income). Refer to IX. below. c. Social Security Passalong a/b’s who were former SSI beneficiaries terminated due to initial entitlement to Social Security benefits or cost of living increases are allowed income disregards specific to their coverage group. Refer to MA-2110, Passalong, for instructions.
d. Subtract the $20.00 General Income Deduction. Do not give the $20.00 deduction to an individual whose only income is VA Pension. (The General Income Deduction does not apply to STEP II LTC Budgeting).