Page 139

Page 139 of 233 § 10:90-3.20 Exempt resources

iii. Moneys identified at (a)3 and 3i above are exempt in determining eligibility for WFNJ. However, in the event that a WFNJ assistance unit is in need of emergency assistance, such funds may be considered available for the assistance unit's use to meet the emergency need prior to the issuance of emergency assistance; 4. All motor vehicle(s) registered in the name of a member of the assistance unit; i. Recreational vehicles are not subject to the resource exemption and the value of recreational vehicles, registered in the name of an assistance unit member, shall be included in the determination of financial eligibility. The fair market value of a recreational vehicle shall be determined by the value of those vehicles as indicated on the National Automobile Dealers Association Internet website www.nadaguides.com. The county or municipal agency shall not increase the basic value of a vehicle by adding the value of low mileage or other factors such as optional or handicap accessible equipment. If a new vehicle is not listed on the website, the county or municipal agency shall determine the wholesale value by some other means such as, but not limited to, contacting a dealer that sells that make of recreational vehicle; 5. Real property owned by an eligible assistance unit member(s) and used as a home by a member(s) of the eligible assistance unit, together with so much of the land on which the house stands as is reasonably necessary for the maintenance of the house; i. The property may remain in exempt status during temporary absence of the entire assistance unit for a period up to four months, at which time the county or municipal agency shall review the status and, if so indicated, may allow it to remain in exempt status for an additional four months. Continued absence through the entire eight months shall be deemed to be permanent and the property shall be removed from exempt status; 6. Personal property, such as, but not limited to, house furnishings and clothing which are used regularly or likely to be used; i. Furnishings and clothing in storage may be deemed to be exempt in the presence of a reasonable plan for their use; ii. Personal effects if regularly used or of small intrinsic value; (1) Items of exceptional value not regularly used and not essential to the physical health and safety of the eligible assistance unit are not exempt; 7. Livestock, machinery, tools, equipment, and stock-in-trade which serve to produce some net income in cash or in kind or 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); and farm and garden products raised by the eligible assistance unit for its own use; 8. Any asset, real or personal, the liquidation of which would produce no net revenue to the eligible assistance unit; 9. Nonrecurring gifts and contributions of nominal amount or value, such as those for birthdays, graduations or holidays;