Section 50467 - Personal Effects(a) All items of clothing shall be exempt.(b) The following jewelry shall be exempt: (1) Wedding and engagement rings.(3) Any other item of jewelry with a net market value of $100 or less.(c) The net market value of jewelry not exempted above shall be included in the property reserve.(d) The net market value of jewelry shall be determined as follows:(1) The applicant or beneficiary shall submit at least one written appraisal of current market value by a jeweler, insurance adjustor or personal property appraiser, or proof of the purchase price in the form of a sales slip which shall establish the market value.(2) Subtract any encumbrances of record from the market value. This is the net market value.Cal. Code Regs. Tit. 22, § 50467
1. Amendment of subsection (d) filed 8-18-82 as an emergency; effective upon filing (Register 82, No. 34). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 12-16-82.
2. Certificate of Compliance transmitted to OAL 12-14-82 and filed 1-21-83 (Register 83, No. 4).
3. Editorial correction of NOTE filed 6-10-83 (Register 83, No. 24).
4. Amendment of subsection (d)(1) filed 10-24-86; effective thirtieth day thereafter (Register 86, No. 43). Note: Authority cited: Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Section 14006, Welfare and Institutions Code; and 42 CFR 435.851.
1. Amendment of subsection (d) filed 8-18-82 as an emergency; effective upon filing (Register 82, No. 34). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 12-16-82.
2. Certificate of Compliance transmitted to OAL 12-14-82 and filed 1-21-83 (Register 83, No. 4).
3. Editorial correction of NOTE filed 6-10-83 (Register 83, No. 24).
4. Amendment of subsection (d)(1) filed 10-24-86; effective thirtieth day thereafter (Register 86, No. 43).