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MAABD MAABD MAABD MAABD MAABD MAABD MAABD MAABD Division of Welfare and Supportive Services E-410 Medical Assistance Manual RESOURCES 24 Sept MTL 04/24 TYPES OF RESOURCES (not all inclusive)

LIQUIDATED RESOURCE – MACHINERY AND EQUIPMENT

RESOURCE TYPE DESCRIPTION

LIQUIDATED RESOURCE

1. Real/Personal Property

2. Counted/Excluded

If a resource is liquidated, the money received is not budgeted as income; it is still considered a resource. Apply the countable/exclusion rules governing the new form the liquidated resource has taken, i.e., cash on hand, bank account, vehicle, stocks, etc.

Verification: (not all inclusive)

– Sales receipt – Proof of purchase documents – Financial statements

MACHINERY AND EQUIPMENT

1. Personal Property

2. Counted

Machinery and equipment not established as property essential for self–employment/self–support is counted at market value less encumbrances.

Verification: (not all inclusive)

– Customer’s statement is accepted unless the case manager has reason to question the customer's statement. Verification is required ONLY when the case manager has reason to question the customer's statement. – Written statement from county assessor's office – Written dealer's estimate – Written estimate from agricultural agent