Either the equity value of the vehicle or the fair market value of the vehicle minus $4,650 is counted against the household’s resource limit. The equity value is the fair market value of the vehicle minus encumbrances.

← 002.01(E)(iii)(1) CLASSIC AND CUSTOM CARS.002.01(E)(iii)(3) LICENSED VEHICLES VALUED AT FAIR MARKET VALUE MINUS $4,650. →

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Axiom
Nebraska
Regulations
Title 475
Chapter 3
§ chapter-3.002.01.e.iii.2

002.01(E)(iii)(2) EQUITY VALUE.

Official source

← 002.01(E)(iii)(1) CLASSIC AND CUSTOM CARS.002.01(E)(iii)(3) LICENSED VEHICLES VALUED AT FAIR MARKET VALUE MINUS $4,650. →

in view

Whole section