Alaska Administrative Code
Title 7 - Health and Social Services
Part 3 - Public Assistance and Medical Assistance
Chapter 45 - Alaska Temporary Assistance Program
7 AAC 45.305 - Conversion of resources
Universal Citation: 7 AK Admin Code 7 AAC 45.305
Current through August 30, 2024
(a) In the month in which one resource is converted to, or exchanged for, another resource, the newly-acquired resource is not considered income. The new resource will be considered in the same manner as other resources under this chapter.
(b) For purposes of this chapter, money received from a refund or reimbursement is considered a converted resource rather than income. Examples of conversion include:
(1) the refund of a rent deposit or rental
cleaning deposit, where an unavailable and uncounted resource is converted to
an available resource;
(2)
merchandise returned in exchange for refund of the purchase price;
(3) money paid out for a repair, that is
later refunded by the manufacturer under product warranty provisions;
(4) receipt of a federal or state income tax
refund;
(5) reimbursement from an
employer for out-of-pocket expenses related to work; and
(6) cash-in, by an individual not of
retirement age, of that individual's paid-up entitlement to a past employment
related retirement fund.
Authority:AS 47.05.010
AS 47.27.005
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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