Page 159
VIRGINIA DEPARTMENT OF SOCIAL SERVICES RESOURCES
10/24 VOLUME V, PART IX, PAGE 1
A. RESOURCES (7 CFR 273.8)
Only liquid assets will count in determining the eligibility of households except for determining the net worth of incorporated businesses. Households must report all countable resources held by its members at the time of application and any the members expect to receive during the certification period. The BPS must document the assets in sufficient detail. The household's available resources at the time of the interview will determine whether the assets are below the maximum allowable resource limit.
B. RESOURCE LIMITS
The household's total nonexempt resources may not exceed:
- $4,500 if the household has at least one member who is 60 years of age or older or a member who is disabled, as defined in Definitions.
- $3,000 if the household does not have a member who is 60 years of age or older or one who is disabled, as defined in Definitions.
The resource limits do not apply to categorically eligible households or members, including those who meet BBCE requirements. See Part II.G.3.
C. NONEXEMPT RESOURCES
Resources used to determine eligibility include:
1. Liquid assets, such as, but not limited to:
a. Cash on hand. This provision includes money that remains on an income debit card, such as the EPPICard for TANF or DCSE, after the month the income is deposited when such a card is not otherwise connected to an account as addressed in b below.
b. Money in accounts. "Account" means a contract of deposit of funds between a depositor and a financial institution. This includes checking accounts, savings accounts, certificates of deposit, share accounts (i.e., credit union accounts), or like arrangements.
c. Receipt of lottery or gambling winnings. Receipt of lottery or gambling winnings of $4,500 or more for a single game before taxes or other withholdings will cause households to be ineligible for benefits. If multiple persons shared in the purchase of a bet or ticket, only the portion allocated to a SNAP household member is countable.
d. Stocks or bonds.
e. Lump sum payments, such as income tax refunds, rebates or credits, lump sum insurance settlements, refunds of security deposits on rental property or utilities, retroactive lump sum SSA, Public Assistance, Railroad Retirement benefits, or other
TRANSMITTAL #35