Eligibility; asset limit.
(a)#
In this subsection: 1. “Elderly, blind, or disabled individual” has the meaning given for “elderly or disabled member” in 7 USC 2012 (j). 2. “Household” has the meaning given in 7 USC 2012 (m). 3. “Liquid assets” means an individual’s financial resources that are cash or can be converted to cash without incurring penalties, excluding the equity value of vehicles or of a home serving as the individual’s primary residence. “Liquid assets” does not include any financial resources designated by the department by rule as excluded for the purposes of this subsection.
(a)(1)#
“Elderly, blind, or disabled individual” has the meaning given for “elderly or disabled member” in 7 USC 2012 (j).
(a)(2)#
“Household” has the meaning given in 7 USC 2012 (m).
(a)(3)#
“Liquid assets” means an individual’s financial resources that are cash or can be converted to cash without incurring penalties, excluding the equity value of vehicles or of a home serving as the individual’s primary residence. “Liquid assets” does not include any financial resources designated by the department by rule as excluded for the purposes of this subsection.
(b)#
Subject to par. (c), an individual who is not an elderly, blind, or disabled individual is ineligible to participate in the food stamp program in a month in which the household of which the individual is a member has liquid assets of more than $25,000.
(c)#
If necessary, the department shall request a waiver from the U.S. department of agriculture to implement this subsection. If the U.S. department of agriculture disapproves the waiver request, the department may not implement this subsection.