Current through September, 2024
Section 17-675-19 - Special provisions for food stamps - commingled funds(a) Liquid assets, as defined in section 17-675-2 that are listed in sections 17-675-26 and 17-675-29, which are kept in a separate account and are not commingled in an account with other nonexcluded funds, shall retain the exclusion for an unlimited period in spite of interest accruing. The interest shall be counted as unearned income in the month received and after that month, the interest shall be counted as assets.(b) The assets of students and self-employed households which have been prorated, counted as income, and commingled with nonexcluded funds shall retain the exemption for the period over which the assets have been prorated as income.(c) Those excluded moneys which are commingled in an account with nonexcluded funds shall retain their exemption for six months from the date the moneys are commingled. After six months from the date of commingling, all funds in the commingled account shall be counted as assets. Once excluded funds are commingled their exemption shall last only six months, even when the funds are subsequently placed in a separate account.[Eff 3/19/93; am 8/18/94] (Auth: HRS § 346-14) (Imp: 7 C.F.R. §273.8(f) )