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Page 2 of 4 § 10:70-5.2 AFDC-related cases; resources 1. Real property (house) owned by the eligible unit, used as a home by the eligible unit, together with so much of the land on which the house stands as is reasonably necessary for the maintenance of the house. Such property may remain in exempt status during the temporary absence of the entire eligible unit for a period of up to four months, at which time the Division shall review the status, and, if it is demonstrated to the Division's satisfaction that the eligible unit will return from their absence to use the property as their home within the four months following the initial period, may allow the property to remain in exempt status for an additional four months. Absence through the entire four-month or eight- month period shall be deemed to be permanent and shall result in the property being removed from exempt status; 2. Personal property which is used or is likely to be used by the eligible unit, including: i. House furnishings and clothing in regular use. House furnishings and clothing in storage may be deemed to be exempt, if a reasonable plan for their use exists; and ii. Personal effects if regularly used or of small intrinsic value. Personal effects of larger value which are not regularly used and are not essential to the physical health and safety of the eligible unit shall not be exempt; 3. One motor vehicle, the equity value of which does not exceed $ 9,500. Any excess equity value of a motor vehicle and the full equity of any other motor vehicle shall be countable toward the resource limit specified in N.J.A.C. 10:70-5.1. i. The equity value of the vehicle shall be determined by the value of such vehicles as indicated in the Kelley's Blue Book, internet website www.kbb.com. The basic value of the vehicle shall not be increased by adding the value of low mileage or other factors such as optional equipment. If the vehicle is a new vehicle, which is not listed on the Kelley website, the Division shall determine the wholesale value by some other means such as, but not limited to, contacting a car dealer that sells that make of a vehicle. ii. If a vehicle is especially equipped with apparatus for the handicapped, the apparatus shall not increase the value of the vehicle. The Kelley Blue Book internet website value shall be assigned as if the vehicle were not so equipped; 4. Livestock, machinery, tools, equipment and stock-in-trade which serve to produce some net income in cash or in kind or which serve as an incentive for self-help. Livestock or property owned or used by a child in connection with a group or school activity, such as 4-H, shall also be exempt; 5. Any asset, real or personal, the liquidation of which would produce no net revenue to the eligible unit; 6. Resources designated for special purposes, as follows: i. Relocation adjustment payments which are made pursuant to the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (P.L. 91-646) by public agencies and area development agencies engaged in urban renewal or by housing development projects; ii. Any Highway Relocation Assistance paid under the Federal-Aid Highway Act of 1968; iii. For any household participating in the Food Stamp Program of the U.S. Department of Agriculture, the value of the coupon allotment; or iv. Funds held in trust for a member of any Indian tribe under Public Law 92-254 or 93-134, or funds which are tax-exempt positions as payments made pursuant to Public Law 92-203, the Alaska Native Claims Settlement Act; 7. Loans for specific purposes and personal loans, as follows: i. Loans for specific purposes, such as loans and grants which are not to be used to meet current living costs and which are held and used in accordance with the conditions of the loan. For example: loans made by the Farmers Home Administration, U.S. Department of Agriculture, under