Section 50453 - Checking and Savings Accounts(a) The entire amount in checking and savings accounts to which the applicant or beneficiary has unrestricted access shall be included in the property reserve, subject to the limitations in Section 50453.5 and the following conditions: (1) Income received during a month and deposited in a checking or savings account shall not be considered as property during that month.(2) Accounts held with persons who are not family members shall be considered available in their entirety if the applicant or beneficiary has unrestricted access to the funds, unless the conditions of (3) are met.(3) If the applicant or beneficiary presents evidence which clearly establishes that all or a portion of the funds specified in (2) are the property of a person who is not a family member, those funds shall not be considered the property of the applicant or beneficiary.(b) If an applicant or beneficiary has restricted access to a checking or savings account such as accounts which require two signatures or savings accounts held in trust by other than the applicant or beneficiary, only those funds actually available shall be included in the property reserve.Cal. Code Regs. Tit. 22, § 50453
1. Amendment filed 3-7-80; effective thirtieth day thereafter (Register 80, No. 9). Note: Authority cited: Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Section 14006, Welfare and Institutions Code.
1. Amendment filed 3-7-80; effective thirtieth day thereafter (Register 80, No. 9).