2-007 Resources
The total equity value of available non-exempt resources of the RRP/MA unit is determined and compared with the established maximum for available resources which the RRP/MA unit may own and still be considered eligible. If the total equity value of available non-exempt resources exceeds the established maximum, the RRP/MA unit is ineligible for a grant. The following are examples of resources:
1. Cash on hand;
2. Cash in savings or checking accounts;
3. Certificates of deposit;
4. Stocks;
5. Bonds;
6. Investments;
7. Collectable unpaid notes or loans;
8. Promissory notes;
9. Mortgages;
10. Land contracts;
11. Land leases;
12. Revocable burial funds;
13. Trust or guardianship funds;
14. Cash value of insurance policies;
15. A home;
16. Additional pieces of property;
17. Trailer houses;
18. Burial spaces;
19. Motor vehicles;
20. Life estates;
21. Farm and business equipment;
22. Livestock;
23. Poultry and crops;
24. Household goods and other personal effects;
25. Contents of a safe deposit box; and
26. Federal and state tax refunds (excluding EIC's).
{Effective 9/11/91}
2-007.01 Verification of Resources
2-007.02 Definition of Available Resources
2-007.03 Determination of Ownership of Resources
2-007.04 Consideration of Relative Responsibility
2-007.07 Maximum Available Resources
2-007.08 Determination of Value of Total Available Resources
2-007.09 Deprivation of Resources
2-007.10 Reduction of Resources