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S N A P M A N U A L

448 Appendix 2: Chapter 10 Resource Eligibility Standards Appendix 2: Chapter 10 Resource Eligibility Standards 10.1 Uniform Standards for SNAP Resource Eligibility Standards The Agency will apply the uniform national resource standards of eligibility to all applicant and recipient households unless the household is categorically eligible as defined in Chapter 4, Categorically Eligible Households. 10.2 Maximum Allowable Financial Resources The maximum allowable financial resources, including both liquid and non-liquid assets, of all members of the household will not exceed $3000 for the household, except that, for households including one or more disabled members or members age 60 or over, such resources will not exceed $4500. 10.3 Definition of Resources The value of nonexempt resources, except for licensed vehicles as specified in Section 10.3 Definition of Resources (B) vii, will be its equity value. The equity value is the fair market value of a resource minus any indebtedness. In determining the resources of a household, the following will be included and documented by the Agency in sufficient detail to permit verification: (A) Liquid resources. The following chart describes types of liquid resources and how they are treated: Liquid Resource Description/ Special Treatment (i) Bank Accounts (checking or saving)/ financial accounts Exclude current month’s income. If jointly owned, see Section 10.4 Jointly Owned Resources. Jointly owned accounts include accounts in more than one name, connected by “and” or “or”. (ii) Burial contract (prepaid)/Funeral agreement Exclude one burial contract per household member (iii) Cash on hand Exclude current month’s income. (iv) Cash from sale of real property Count as lump sum resource in the month of sale and in following months if money remains (See Section 10.5 Lump Sum Payments as Resources). (v) Cash received from estate settlements

(vi) Federal/state income tax refunds This is no longer considered a Resource – Effective May 1, 2013 (vii) Educational Savings Account Funds in a qualified tuition program or any other education savings account.