Page 101

DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 90 45.1. Exclusion Home energy assistance payments or allowances provided under subchapter II of chapter 94, title 42 of the U.S. Code (Low-Income Energy Assistance) are excluded from resources. 45.2. Verification Use documents in the individual's possession, contact with the provider or agency involved, or a precedent to verify that assistance from a particular program is provided under the Federal Low-Income Home Energy Assistance Program or “LIHEAP.” Once this is verified, no further verification is necessary.

46. Municipal, Corporate and Government Bonds A bond is a written obligation to pay a sum of money at a specified future date. Bonds are negotiable and transferable and are a resource. • Municipal Bond A municipal bond is the obligation of a State or a locality (county, city, town, village or special purpose authority such as a school district). • Corporate Bond A corporate bond is the obligation of a private corporation. • Government Bond A government bond, as distinct from a U.S. Savings Bond, is a transferable obligation issued or backed by the Federal Government. 46.1. Value Municipal, corporate, and government bonds are negotiable and transferable. Therefore, their value as a resource is their CMV. Their redemption value, available only at maturity, is immaterial. 46.2. Verification The closing price of a bond on a given day may be found on the internet or by contacting a local securities firm for the information. Record the appropriate closing price and the source of the information.