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FOOD AND NUTRITION SERVICES CERTIFICATION INCOME AND RESOURCES FNS 390 RESOURCES

16 Section 390 Change #02-2024 October 1, 2024 L. Asset(s) With a Business Lien. If a business lien has been placed against non-liquid assets as a result of taking out a business loan and the FNS unit is prohibited by the security or lien agreement with the lien holder (creditor) from selling the asset, exclude from resources. If a liquid asset is not accessible due to a business lien, do not count in resources. Such as but not limited to a savings account or CD used as collateral. M. Individual Development Accounts. N. Payments made to child(ren) of Vietnam veterans who are born with spina bifida. O. Heir Property conveyed to any FNS unit member at death of the property owner. P. All Burial Plans/Plots/Spaces owned by FNS unit member. Q. Lifetime Estate. A person has a lifetime right when he has a claim or interest in real or personal property limited to his lifetime but does not actually own the property. R. Remainder Interest. A person has remainder interest in property when he owns the property, and another individual has the lifetime right. S. All land and buildings, including mobile homes. T. Motor Vehicles – defined as an automobile or other vehicle used for transportation. This includes boats. U. Achieving a Better Life Experience (ABLE) accounts defined as tax-favored savings accounts established to provide secure funding for disability related expenses on behalf of designated beneficiaries deemed disabled before age 26. 390.15 CERTAIN PAYMENTS OR FUNDS FOR CERTAIN INDIAN TRIBES ARE EXCLUDED. THESE INCLUDE: A. Payments received by certain Indian tribe members from certain submarginal land held in trust by the United States. These tribes and Bands include: 1. Bad River Band of the Lake Superior Tribe of Chippewa Indians of Wisconsin. 2. Blackfeet Tribe. 3. Cherokee Nation of Oklahoma.