Mississippi Administrative Code
Title 18 - HUMAN SERVICES
Part 14 - Supplemental Nutrition Assistance Program (SNAP) Policy Manual
Chapter 16 - Resources
Rule 18-14-16.5 - Value of Non-excluded Recreational Vehicles
Universal Citation: MS Code of Rules 18-14-16.5
Current through September 24, 2024
A. Fair market value is the current value of the recreational vehicle.
B. Equity value is the fair market value minus encumbrances.
C. A recreational vehicle may be:
1. Counted according to its excess fair market value over $4,650;
2. Counted according to its excess fair market value over $4,650 or its equity value, which is higher.
D. A household will be allowed to acquire verification of the true value of a vehicle from a reliable source if it does not agree with MDHS' determination of the value of the vehicle.
7 CFR § 273.8(f)
Disclaimer: These regulations may not be the most recent version. Mississippi 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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