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Federally Mandated Resource Exclusions Training expenses paid by the Trade Act of 1974, Pub. Law 93-618 Qualified Tuition Programs (QTP), also known as a 529 Plans, for the designated beneficiary (the student or future student) who is not the owner of the account and does not have any rights to the funds in the account Tribal payments and interests. The following tribal resources are excluded: Tribal trust or restricted lands, individual interest Tribal per capita payments from a tribal trust Tribal land settlements and judgments Uniform Gift to Minors Act/Uniform Transfers to Minors Act, Pub. Law 107-210, (UGMA/UTMA) The full value of resources established under the UGMA/UTMA is excluded. An adult designated to receive, maintain and manage custodial property on behalf of a minor beneficiary is not the owner of UGMA/UTMA resources because the adult cannot legally use any of the funds for their support and maintenance. When the UGMA/UTMA property is transferred to a beneficiary at the end of the custodianship (usually at the age of eighteen (18) or twenty-one (21) depending on State law) the property becomes available to the beneficiary. It is counted as income in the month of transfer and as a resource in the following month. Veterans’ Children with Certain Birth Defects payments Vietnamese Commando Compensation Act, Pub. Law 104-210, payments Excluded Resources Regardless of Identifiability (unless otherwise noted) Adoption Assistance payments are excluded in the month of receipt and thereafter. Accrued Interest on resources is excluded if any excess is properly reduced at eligibility redetermination.