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West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 99 Chapter 5 Assets

o Cash, including cash individuals or stock received from a native corporation to the extent it does not exceed $2,000/individual/year o Stock, including stock issued or distributed by a native corporation as a dividend or distribution on stock o A partnership interest o Land or an interest in land, including land or an interest in land received from a native corporation as a dividend or distribution on stock Up to $2,000 in retained distributions from a native corporation may be excluded from assets for each year. • P.L. 103-66 – Payments from Individual Interests in Trust or Restricted Lands Up to $2,000/year received by Indians that is derived from restricted lands is excluded income. Interest of individual Indians in restricted lands is excluded from assets. • P.L. 93-531 and P.L. 96-305 – Settlement Fund Payments Settlement fund payments to members of the Hopi and Navajo Tribes, and the availability of such funds, are excluded from income and assets. • P.L. 94-114 – Receipts from Lands Held in Trust for Indian Tribes Receipts derived from the following trust lands and distributed to members of designated Indian tribes are excluded from income and assets. Indian Group Conveyance Statute State Seminole Indians P.L. 84-736 (70 Stat 581) (July 20, 1956) Florida Pueblos of Zia and Jemez P.L. 84-926 (70 Stat 941) (August 2, 1956) New Mexico Stockbridge Munsee Indian Community P.L. 92-480 (86 Stat 795) (October 9, 1972) Wisconsin Burns Indian Colony P.L. 92-488 (86 Stat 806) (October 13, 1972) Oregon