Page 2

TANF TANF TANF TANF TANF TANF TANF TANF SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP Exception: A resource need not be pursued if it would be unreasonable. Unreasonable includes The cost to pursue the resource exceeds its potential value or pursuit causes potential financial hardship. – Pursuing the resource would endanger the household member’s health or safety. – Legal action is required, but a private attorney or legal service refuses to accept the case. A reasonable effort to obtain legal assistance must be demonstrated. 512 FAIR MARKET VALUE The amount the resource would bring if sold on the current local market is its fair market value. 513 EQUITY Equity is the amount of money that would be available to the owner after the sale of a resource. Determine this amount by subtracting from the fair market value any money owed on the item and the costs normally associated with the sale and transfer of the item. 514 INACCESSIBLE RESOURCES The cash value of resources which are not legally available to the household are considered inaccessible and are exempt. Examples of resources not legally available are irrevocable trust funds, property in probate, and security deposits on rental property and utilities. ● A non-liquid resource is considered inaccessible if the equity value is less than the resource limit. A resource is also considered inaccessible if the existence of the resource is unknown to the household; or its sale or disposition is unlikely to produce any significant return or the cost of its sale would be relatively high. A vehicle is considered “inaccessible” if it would produce $1,500 or less if sold. A-511.2 Division of Welfare and Supportive Services RESOURCES Eligibility and Payments Manual Requirement to Pursue Resources MTL 06/24 Nov 24