Administrative Rules of Montana
Department 37 - PUBLIC HEALTH AND HUMAN SERVICES
Chapter 37.49 - IV-E FOSTER CARE SERVICES
Subchapter 37.49.5 - Resources
Rule 37.49.502 - IV-E FOSTER CARE ELIGIBILITY: EXCLUDED RESOURCES
Universal Citation: MT Admin Rules 37.49.502
Current through Register Vol. 18, September 20, 2024
(1) The following resources are not counted when determining IV-E eligibility:
(a) the
home which is the usual residence of the filing unit;
(b) one motor vehicle which has an equity
value of $1,500 or less. Any equity value in excess of $1,500 for the first
vehicle and the entire equity value of any additional vehicle or vehicles is
counted in determining eligibility;
(c) household furniture and goods, clothing
and other personal effects, equipment or other items necessary to produce food,
home produce for family use and consumption only, and other items of limited
value essential for day-to-day use;
(d) tools and equipment essential for the
self-employment of a member of the filing unit;
(e) one burial plot for each member of the
filing unit;
(f) funds designated
for the funeral, burial, and/or cremation expenses of members of the filing
unit as follows:
(i) for each member of the
filing unit, a sum of $1,500 or less designated for such expenses under an
irrevocable agreement; or
(ii) for
each member of the filing unit, an unlimited sum designated for such expenses
under an irrevocable agreement;
(g) real property other than the usual
residence of the filing unit, for a maximum of 6 months, if the family is
making a good faith effort to sell the property;
(h) agent orange settlement
payments;
(i) radiation exposure
compensation payments;
(j) Maine
Indian Claims Settlement Act of 1980 payments;
(k) restitution paid pursuant to the Civil
Liberties Act of 1988 to individuals of Japanese ancestry who were interned and
Aleuts who were relocated during world war II;
(l) major disaster and emergency assistance
payments received pursuant to the Disaster Relief and Emergency Assistance
Amendments of 1988;
(m) all funds
in a business asset development account (BADA), provided that if the business
fails and any funds from the account are disbursed to a member of the filing
unit, those funds shall be counted as a resource in the month they are
disbursed and in each subsequent month until the funds are spent
down;
(n) cash benefits paid under
a fire or casualty insurance policy for 90 days after the date of
receipt;
(o) the face value of any
life insurance owned by any member of the filing unit, but not the cash value
of such insurance;
(p) any funds in
an escrow account established for a member of the filing unit who is
participating in the housing and urban development (HUD) family
self-sufficiency (FSS) program;
(q)
settlement proceeds paid to a member of the filing unit in the factor VIII or
IX concentrate blood products class action lawsuit, MDL 986, No. 93-C-7452,
northern district of Illinois;
(r)
funds in a family health account (FHA);
(s) any unspent portion of an earned income
tax credit (EITC) advance payment or refund, in the first month after the month
in which it is received; pursuant to ARM
37.49.412, EITC payments and
refunds are excluded as earned income in the month of receipt;
(t) student financial assistance made for
attendance costs under Title IV of the Higher Education Act or bureau of Indian
affairs student assistance programs under the Higher Education Technical
Amendments Act of 1987; and
(u) a
loan which a member of the filing unit receives and has a legal obligation to
repay pursuant to a written agreement signed by the member.
Sec. 53-2-201 and 53-6-113, MCA; IMP, Sec. 53-2-201 and 53-6-131, MCA;
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