Current through Register Vol. 51, page 57, November 12, 2024
Section 67:12:05:76 - Exclusion of vehicle owned by dependent childThe trade-in value of a vehicle owned by a dependent child is excluded from the resource limit if all of the following requirements are met:
(1) The household has been assigned to the 1115 waiver group under the provisions of § 67:12:01:73;(2) The trade-in value does not exceed $2,500;(3) The child who owns the vehicle is at least 14 years old;(4) The child is at least a part-time student;(5) The child is employed at least part-time or has been employed at least part-time in the preceding 12 months;(6) The vehicle is owned solely by the child or is owned jointly by the child and the child's caretaker or another adult relative; and(7) A portion of the payment for the car comes from the child's earnings. This exclusion is limited to one vehicle for each qualifying dependent child.
S.D. Admin. R. 67:12:05:76
20 SDR 196, effective 5/23/1994.General Authority: SDCL 28-7-2.
Law Implemented: SDCL 28-7-1.