To the extent allowed under federal law, an individual who is not an elderly, blind, or disabled individual and who is at least 19 years of age is ineligible to participate in the food stamp program in a month in which any of the following applies: 1.
(1)#
The individual owns more than one home.
(2)#
The individual owns a primary residence that is worth more than 200 percent of the statewide median home value. In calculating the home value, the value of any agricultural land owned by the individual is excluded.
(3)#
The combined equity value of vehicles, except those used for business purposes, owned by the individual is more than $20,000.