Page 83

Official source

DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI INCOME SOURCES 07/19 CHAPTER I, PAGE 74

57.1.2. Lump Sum Payments A lump sum payment is a payment that is issued once and includes the full amount of money that an individual can withdraw from the fund. A retirement fund owned by an eligible individual is a resource if periodic payments have been denied and he/she has the option of withdrawing a lump sum. Withdrawal of the lump sum is not income but is a conversion of a resource. 57.2. Verification Verify the source of the benefits, the availability of funds, the payment options, the approval/denial of a request for periodic payments, and the amount of available funds.

58. Royalties Earned Income/Unearned Income Royalties include compensation paid to the owner for the use of property, usually copyrighted material (e.g., books, music, or art) or natural resources (e.g., minerals, oil, gravel or timber). Royalty compensation may be expressed as a percentage of receipts from using the property or as an amount per unit produced. To be considered royalties, payments for the use of natural resources also must be received: • Under a formal or informal agreement whereby the owner authorizes another individual to manage and extract a product (e.g., timber or oil), and • In an amount that is dependent on the amount of the product actually extracted. 58.1. Income Treatment 58.1.1. When Royalties Are Earned Income Royalties are earned income when they are: • Received as part of a trade or business; or • Received by an individual in connection with any publication of his/ her work (e.g., publication of a manuscript, magazine article, or artwork)

loading…

Page 83

Official source

DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI INCOME SOURCES 07/19 CHAPTER I, PAGE 74

57.1.2. Lump Sum Payments A lump sum payment is a payment that is issued once and includes the full amount of money that an individual can withdraw from the fund. A retirement fund owned by an eligible individual is a resource if periodic payments have been denied and he/she has the option of withdrawing a lump sum. Withdrawal of the lump sum is not income but is a conversion of a resource. 57.2. Verification Verify the source of the benefits, the availability of funds, the payment options, the approval/denial of a request for periodic payments, and the amount of available funds.

58. Royalties Earned Income/Unearned Income Royalties include compensation paid to the owner for the use of property, usually copyrighted material (e.g., books, music, or art) or natural resources (e.g., minerals, oil, gravel or timber). Royalty compensation may be expressed as a percentage of receipts from using the property or as an amount per unit produced. To be considered royalties, payments for the use of natural resources also must be received: • Under a formal or informal agreement whereby the owner authorizes another individual to manage and extract a product (e.g., timber or oil), and • In an amount that is dependent on the amount of the product actually extracted. 58.1. Income Treatment 58.1.1. When Royalties Are Earned Income Royalties are earned income when they are: • Received as part of a trade or business; or • Received by an individual in connection with any publication of his/ her work (e.g., publication of a manuscript, magazine article, or artwork)