Page 184

Page | 183 3rd TEST HIGHER OF THE FAIR MARKET VALUE OVER $4650 OR EQUITY VALUE COUNTS

Vehicle Definition ACCESS Instruction Licensed Vehicle Not Excluded Above Code “C” or “E”

4th TEST VEHICLE’S EQUITY COUNTS

Vehicle Definition ACCESS Instruction Vehicle is unlicensed Code “U”

9600 INCOME-PRODUCING PROPERTY

Property, which annually produces income consistent with its fair market value, even if only used on a seasonal basis, or other property essential to the employment or self-employment of a household member such as tools of a tradesman, machinery or land of a farmer, goods, and property is exempt as resources.

Rental homes used by households for vacation purposes at some time during the year qualify under this exemption as long as they are producing income consistent with their fair market value.

The value of installment contracts for the sale of land or other property is exempt if the contract or agreement is producing income consistent with its fair market value.

The value of any property sold under an installment contract and property held as security in exchange for a purchase price is exempt if consistent with the fair market value of that property.

9700 TRANSFERRING RESOURCES

Households who have knowingly transferred resources for the purpose of qualifying for SNAP are disqualified from participation in the program for up to one year from the date the transfer is discovered. The disqualification applies if the resources of any household member or disqualified member were knowingly transferred in the three months before application or any time after the household is determined to be eligible for benefits.

The disqualification begins in the month of application unless the household is participating in SNAP when the transfer is discovered. If the household is participating at the time of discovery, a notice of adverse action is required and the procedures for adverse actions are followed.

Example: A certified household receives a lump sum social security payment. The household transfers the payment to prevent exceeding the maximum resource limit. The transfer would disqualify the household. Acceptance of the customer's statement at the time of the interview is sufficient to establish the reason for the transfer.