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11 $10,000, regardless of age or disability status. The following are exempt assets which are not applied in determining eligibility: i. The home which is the usual residence of the assistance unit; ii. One automobile, up to $12,000 fair market value, or such other higher dollar value as the local social services district may elect to adopt. Where the fair market value of the first automobile exceeds the specified maximum exemption, those automobiles must be further evaluated to determine the amount of equity in the automobiles. In such instances, the automobile’s equity value must be applied against the resource limit as outlined in Section (b) (10). Effective May eleventh, two thousand and twenty, a vehicle which is not an exempt resource as defined in Social Services Law § 131- n(1)(a) and 18 NYCRR 352.23(b), and in which the owner has minimal or no equity interest, is not an “available” resource which would disqualify the applicant or recipient from the receipt of PA; iii. Basic maintenance items essential to day-to-day living, such as clothes, furniture and household appliances, and other similarly essential items of limited value; iv. One burial plot per household member; v. One bona fide funeral agreement per household member up to an equity value of $1,500 per household member; vi. For a period of six months, real property which the assistance unit is making a good faith effort to sell, but only if the assistance unit agrees in writing to use the proceeds from the sale to repay public assistance received which would not have been granted if the property had been sold immediately. If the property has not been sold within six months or if eligibility stops for any other reason, any payment of aid for that period must, at the time of the disposal, be considered an overpayment; vii. Tangible personal property necessary for business or for employment purposes, including, but not limited to, the following types of income-producing property when currently in use or reasonably expected to be used in the near future for their livelihood: a. business and farm equipment; b. tools used for employment; and c. livestock and produce; viii. Funds in an individual development account; ix. Earned Income Tax Credits (EITC) are exempt as income or resources; x. An amount up to $4,650 in a separate bank account established by an individual while currently in receipt of public assistance for the sole purpose of enabling the individual to purchase a first or replacement vehicle for the recipient to seek, obtain or maintain employment, so long as the funds are not used for any other purpose. Funds withdrawn for reasons other than for the purchase of first or replacement vehicle will result in the full amount of funds in the account prior to the withdrawal being countable toward the public assistance household’s resource limit beginning on the first day of the month of the withdrawal; xi. An amount up to $1,400 in a separate bank account established by an individual while currently in receipt of public assistance for the sole purpose of paying tuition at a two-year or four-year accredited post-secondary education institution, so long as