Alaska Administrative Code
Title 7 - Health and Social Services
Part 3 - Public Assistance and Medical Assistance
Chapter 45 - Alaska Temporary Assistance Program
7 AAC 45.307 - Disqualification based on transfer of resources
Current through August 30, 2024
(a) If an adult in an assistance unit transfers an asset at less than fair market value within three months before an application for assistance is submitted or while the unit is receiving assistance, there is a rebuttable presumption that the transfer was made intentionally and for the purpose of qualifying for assistance. The individual who made the transfer may rebut the presumed intent and purpose of the transfer by providing evidence that the transfer was made unintentionally or for a different purpose. Evidence to support a determination that the individual made the transfer unintentionally or for a different purpose may include
(b) For purposes of this section and AS 47.27.015(d), "fair market value" of a resource means the equity value that would be assigned to the resource under 7 AAC 45.310 if the resource were available to the assistance unit in the month following the transfer of the resource.
Authority:AS 47.05.010
AS 47.27.005
AS 47.27.015