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West Virginia Income Maintenance Manual Chapter 20

West Virginia Income Maintenance Manual Page 9 Chapter 20 Emergency and Special Assistance Programs

• Savings and checking accounts, certificates of deposit (CDs), Christmas Clubs, and any other account in a financial institution. • Stocks and bonds • Livestock not being used to produce income consistent with its sale value nor house pets • Automobile(s) when there is more than one automobile owned per AG • Cash surrender value of life insurance policies • Personal collections of value such as firearms, paintings, coin collections, etc. • Non-homestead real property • Business equipment not being used to produce income consistent with its current market value • Recreational vehicles and equipment. See Section 5.1 for the definition. Personal recreational equipment such as toys, fishing equipment, etc., are excluded. 20.2.2.G.3 Determining the Availability of Assets After the Worker determines that the applicant or any other AG member owns countable assets, he must evaluate whether such assets can actually be used in time to eliminate or prevent the emergency. In making this evaluation, the Worker must consider the type of asset(s) involved and whether or not it can be used toward the item of need(s) in time to eliminate or prevent the emergency. Assets, such as, but not limited to, cash on hand, checking or savings accounts, CDs or any other liquid instrument or account must be considered available as an asset and the AG is expected to use these assets toward the emergency. Cash is defined as funds or money in the form of currency or any negotiable instrument that is in the possession of the applicant or any member of the AG at the time of application. Income received prior to the date of application, and still available at the time of application, is considered cash. The Worker may request verification such as receipts or verbal statements that such cash is unavailable for use toward the emergency. Cash Example 1: A member of the AG receives a $400 paycheck the day before the application date. This paycheck is not counted as income; however, the Worker can request verification of how much of the $400 is available in the form NOTE: The application is denied if members of the AG refuse to use this asset.