S.D. Admin. R. 67:12:05:06

Current through Register Vol. 51, page 67, December 16, 2024

Section 67:12:05:06 - Tangible personal property considered a resource

Tangible personal property of an applicant or recipient is considered a resource and valued according to its equity value with the following exceptions:

(1) Household goods essential for day-to-day living, such as clothing, furniture, appliances, utensils, and similarly essential personal effects, are excluded from the resource limit;

(2) Items of unusual value such as expensive china, silver, or glassware; art works; oriental, Persian, and similarly expensive carpets; antiques; hobby collections; jewelry, excluding a personal wedding and engagement ring, made with precious stones or metals; and furs are included when determining the resource limit if the item exceeds an equity value of $500. Final determination of an item's value must be made by an individual, other than the applicant, who is familiar with and can place a value on the property; and

(3) The equity in one vehicle of no more than $1,500 is excluded from the resource limit as long as that vehicle is the assistance unit's primary mode of transportation.

S.D. Admin. R. 67:12:05:06

SL 1975, ch 16, § ; 2 SDR 24, effective 10/1/1975; 7 SDR 23, effective 9/18/1980; 7 SDR 66, 7 SDR 89, effective 7/1/1981; 8 SDR 95, effective 2/18/1982; 14 SDR 140, effective 5/1/1988; 20 SDR 196, effective 5/23/1994.

General Authority: SDCL 28-7-2.

Law Implemented: SDCL 28-7-4.

Maximum resource limit, § 67:12:05:05. Need and amount of assistance, 45 C.F.R. § 233.20 (a)(3)(i)(B)(2). Exclusion of vehicle owned by dependent child, § 67:12:05:76.