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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 111 Retained funds must be identifiable in order to be excluded. See Commingled Funds Chapter E - 26 if funds excluded under this provision are commingled with other funds. 60.2. Interest Interest earned on retained funds is excluded from resources and income. 60.3. Verification Obtain evidence of the payment. If evidence is not available: • For private payments, have the individual contact Metropolitan Life at 1-800- 638-8787 for verification of the type and amount of the private payment. • For payments from the Ricky Ray Hemophilia Relief Fund, have the individual contact the Ricky Ray Program Office at 1-888-496-0338 for verification of the type and amount of the Ricky Ray Hemophilia Relief Fund payment.
61. Stocks Shares of stock represent ownership in a business corporation. Their value shifts with demand and may fluctuate widely. The following guidelines apply to all stocks, including preferred stocks, warrants and rights, and options to purchase stocks. 61.1. Ownership Ask the individual to submit the stock certificate or most recent statement of account (including dividend account) from the firm that issued or is holding the stock. Document the file with a photocopy. If the individual does not have this documentation, have him/her obtain a statement from the firm. Absent evidence to the contrary, assume that each owner owns an equal share of the value of the stock. Absent evidence to the contrary, assume that the owner of shares of stock can sell them at will at current value.