Page 4

LB 359 LB 359 amended to read: 68-1726 Based on the comprehensive assets assessment, each individual and family receiving assistance under the Welfare Reform Act shall reach for his or her highest level of economic self-sufficiency or the family’s highest level of economic self-sufficiency. The following eligibility factors shall apply: (1) Financial resources, excluding the primary home and furnishings and the primary automobile, shall not exceed four thousand dollars in value for a single individual and six thousand dollars in value for two or more individuals; (2) Available resources, including, but not limited to, savings accounts and real estate, shall be used in determining financial resources, except that income and assets described in section 1 of this act shall not be included in determination of available resources under this section; (3) Income received by family members, except income earned by children attending school and except as provided in section 1 of this act, shall be considered in determining total family income. Income earned by an individual or a family by working shall be treated differently than unearned income in determining the amount of cash assistance as follows: (a) Earned income shall be counted in determining the level of cash assistance after disregarding an amount of earned income equal to twenty percent of earned income or other incentives to work; (b) Financial assistance provided by other programs that support the transition to economic self-sufficiency shall be considered to the extent the payments are intended to provide for life’s necessities; and (c) Financial assistance or those portions of it intended for books, tuition, or other self-sufficiency-related expenses shall not be counted in determining financial resources. Such assistance shall include, but not be limited to, school grants, scholarships, vocational rehabilitation payments, Job Training Partnership Act payments, income or assets described in section 1 of this act, and education-related loans or other loans that are expected to be repaid; and (4) Individuals and families shall pursue potential sources of economic support, including, but not limited to, unemployment compensation and child support. Sec. 6. Original sections 68-1713 and 68-1726, Reissue Revised Statutes of Nebraska, section 43-512, Revised Statutes Cumulative Supplement, 2012, and section 68-1206, Revised Statutes Supplement, 2013, are repealed. -4-