Idaho Administrative Code
Title IDAPA 16 - Health and Welfare, Department of
Rule 16.03.04 - IDAHO FOOD STAMP PROGRAM
Section 16.03.04.308 - EQUITY VALUE OF RESOURCES
Universal Citation: ID Admin Code 16.03.04.308
Current through September 2, 2024
Equity value is the current market value of a resource, minus any encumbrance. The current market value is the price the resource is expected to sell for, on the open market, in the geographic area involved. An encumbrance is a legally binding debt against property. The encumbrance on the property does not prevent the property owner from selling to a third party.
Effective July 1, 2024
Disclaimer: These regulations may not be the most recent version. Idaho 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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