Mineral Rights; OSIP, OSIPM, QMB
(1) In the OSIP, OSIPM, and QMB programs, “mineral rights” represent ownership interest in natural resources such as coal, oil, or natural gas, which normally are extracted from the ground.
(2) In the OSIP, OSIPM, and QMB-DW programs, mineral rights
(see section (1) of this rule) are treated as follows:
(a)If the individual owns the property to which the#
(a) If the individual owns the property to which the mineral rights pertain, the current market value of the property is assumed to include the value of the mineral rights and is treated in accordance with OAR 461-145-0420.
(b)If the individual does not own the land to which the#
(b) If the individual does not own the land to which the mineral rights pertain, the current market value of the mineral rights is counted as a resource.