S.D. Admin. R. 67:12:05:77

Current through Register Vol. 51, page 57, November 12, 2024

Section 67:12:05:77 - Exclusion of savings account owned by dependent child

One or more savings accounts with a cumulative balance of $1,000 or less is excluded as a liquid asset if all of the following requirements are met:

(1) The assistance unit has been assigned to the 1115 waiver group under the provisions of § 67:12:01:73;

(2) The excluded account is owned solely by the dependent child or the child owns the savings account jointly with the caretaker or another adult relative;

(3) The child is at least a part-time student;

(4) The child is employed at least part-time or has been employed at least part-time in the preceding 12 months; and

(5) A portion of the account was derived from the child's earnings.

S.D. Admin. R. 67:12:05:77

20 SDR 196, effective 5/23/1994.

General Authority: SDCL 28-7-2.

Law Implemented: SDCL 28-7-1.