2-008 Resources
468
NAC 2-008
The total equity value of available non-exempt
resources of the ADC/MA unit is determined and compared with the established
maximum for available resources which the ADC/MA unit may own and still
be considered eligible. If the total equity value of available non-exempt
resources exceeds the established maximum, the ADC/MA unit is ineligible
for a grant. The following are examples of resources:
- Cash on hand;
- Cash in savings or checking accounts;
- Certificates of deposit;
- Stocks;
- Bonds;
- Investments;
- Collectable unpaid notes or loans;
- Promissory notes;
- Mortgages;
- Land contracts;
- Land leases;
- Revocable burial funds;
- Trust or guardianship funds;
- Cash value of insurance policies;
- A home;
- Additional pieces of property;
- Trailer houses;
- Burial spaces;
- Motor vehicles;
- Life estates;
- Farm and business equipment;
- Livestock;
- Poultry and crops;
- Household goods and other personal effects;
- The contents of a safe deposit box;
- Federal and state tax refunds (excluding EIC'S);
and
- Elective share of a spouse's augmented estate.
(4/11/95)
2-008.01
Verification of Resources
2-008.02
Definition of Available Resources
2-008.03
Determination of Ownership of Resources
2-008.04
Consideration of Relative Responsibility
2-008.05 Inheritance
2-008.06
Value and Equity
2-008.07
Types of Resources
2-008.08
Maximum Available Resources
2-008.09
Determination of Value of Total Available Resources
2-008.10 Deprivation of Resources (Reserved)
2-008.11
Reduction of Resources
2-008.12
ADC/MA Units Ineligible for Grant Due to Resources