Or. Admin. Code § 413-100-0170

Current through Register Vol. 63, No. 12, December 1, 2024

Section 413-100-0170 - Determining Resources

A child is not Title IV-E eligible if in the eligibility month all resources available to the eligibility unit that are not excluded by Department rules in effect on July 16, 1996, exceed the resource limit.

(1) The resource limit for an eligibility unit is $10,000.

(2) A resource considered available to the eligibility unit includes:

(a) Cash on hand.

(b) Cash in a safe deposit box.

(c) Checking or savings accounts.

(d) Stocks, bonds and other securities including Certificates of Deposit.

(e) Trust fund if legally available for use.

(f) Equity value of prepaid burial arrangement. Of the equity value of a prepaid burial arrangement, $1,500 is exempt.

(g) Equity value of life insurance policy.

(h) Equity value of recreational vehicles used for amusement.

(i) Equity value of motor vehicles. Of the equity value of a licensed motor vehicle, $1,500 is exempt if it is utilized for day-to-day transportation. If an eligibility unit has more than one licensed motor vehicle, only one vehicle is eligible for the exemption.

(j) Equity value of real property (land and buildings).

(k) Equity value of income producing property.

(l) Equity value of work related equipment.

(m) Tax refunds.

Or. Admin. Code § 413-100-0170

SCF 6-1995, f. 12-22-95, cert. ef. 12-29-95; SOSCF 4-1998, f. 2-5-98, cert. ef. 2-6-98; SOSCF 20-2000(Temp), f. & cert. ef. 8-11-00 thru 2-6-01; SOSCF 4-2001, f. & cert. ef. 2-7-01; CWP 14-2007, f. & cert. ef. 8-1-07; CWP 6-2010, f. & cert. ef. 6-15-10; CWP 26-2018, temporary amend filed 04/03/2018, effective 04/03/2018 through 09/29/2018; CWP 103-2018, amend filed 09/06/2018, effective 9/6/2018

Statutory/Other Authority: ORS 409.010, ORS 409.050, ORS 412.144 & ORS 418.005

Statutes/Other Implemented: ORS 409.010, ORS 409.050, ORS 412.144 & ORS 418.005