Page 777

West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 51 Chapter 5 Assets

5.5.41 RECREATIONAL VEHICLES Recreational vehicles are considered personal property. The current market value (CMV) must be used when determining equity. See Section 5.3.3. 5.5.42 RICKY RAY HEMOPHILIA FUNDS See HEMOPHILIA/AIDS SETTLEMENTS AND FUNDS 5.5.43 STOCKS To establish the CMV of a stock for applicants, the Worker must use the closing stock market price as of the last business day of the prior month. For clients who purchase stocks, the purchase price is used. All policies applicable to stocks also apply to preferred stocks, as well as warrants, rights, and options to purchase stocks. SNAP WVW, AFDC-Related SSI Groups No Yes* Yes* SNAP WVW, AFDC-Related SSI Groups Yes * Yes * Yes * EXCEPTION: Shares of stock in an Alaskan Native Regional or Village Corporation are excluded for all programs. NOTE: The par value or stated value shown on some stock certificates is not the market value of the stock. EXCEPTION: When the individual lives in his recreational equipment, it is considered his home and is excluded as long as he lives in it.

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Page 777

Official source

West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 51 Chapter 5 Assets

5.5.41 RECREATIONAL VEHICLES Recreational vehicles are considered personal property. The current market value (CMV) must be used when determining equity. See Section 5.3.3. 5.5.42 RICKY RAY HEMOPHILIA FUNDS See HEMOPHILIA/AIDS SETTLEMENTS AND FUNDS 5.5.43 STOCKS To establish the CMV of a stock for applicants, the Worker must use the closing stock market price as of the last business day of the prior month. For clients who purchase stocks, the purchase price is used. All policies applicable to stocks also apply to preferred stocks, as well as warrants, rights, and options to purchase stocks. SNAP WVW, AFDC-Related SSI Groups No Yes* Yes* SNAP WVW, AFDC-Related SSI Groups Yes * Yes * Yes * EXCEPTION: Shares of stock in an Alaskan Native Regional or Village Corporation are excluded for all programs. NOTE: The par value or stated value shown on some stock certificates is not the market value of the stock. EXCEPTION: When the individual lives in his recreational equipment, it is considered his home and is excluded as long as he lives in it.