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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 2 1.2. Real Property Real property is land, including buildings or immovable objects attached permanently to the land. 1.3. Liquidity Of Resources The liquidity of a resource is a factor in determining an individual’s eligibility for Conditional Benefits and in the application of some resource exclusions. Liquid resources are any resources in the form of cash or in any other form which can be converted to cash within 20 workdays. Workdays are any days other than Saturdays, Sundays, and Federal holidays. Resources that are not liquid are non-liquid resources.

2. Relationship of Income to Resources An item received in the current month is income for the current month. If held by the individual until the following month, that item is subject to resource counting rules. Example Mr. Jones receives a dividend check for $300 at the end of May. He spends $150 immediately and deposits the remaining $150 in his savings account. His income for May is $300. The June 1 evaluation of Mr. Jones' resources includes (for the first time) the $150 he saved. 2.1. Conversion Or Sale Of A Resource When a resource is sold, exchanged, or replaced, one resource has been exchanged for another. The item received is evaluated as a resource. Receipts from the sale, exchange, or replacement of a resource are not income but are resources that have changed their form. This includes any cash, real property or personal property that is provided to replace or repair a resource that has been lost, damaged, or stolen. Example Jerry Wallace sells his 1974 Plymouth Satellite for $300. The money he receives is not income but a resource which has been converted from one form (a car) to another form (cash). 2.1.1. Verification