New Jersey Administrative Code
Title 10 - HUMAN SERVICES
Chapter 87 - NEW JERSEY SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (NJ SNAP) MANUAL
Subchapter 4 - FINANCIAL ELIGIBILITY; RESOURCES
Section 10:87-4.10 - Value of resources
Universal Citation: NJ Admin Code 10:87-4.10
Current through Register Vol. 56, No. 18, September 16, 2024
The value of a nonexempt resource shall be its equity value. The equity value is the fair market value less encumbrances. When necessary, the value of resources shall be determined by consulting sources knowledgeable as to the value of such resources. The source and result of any such verification shall be documented in the case record.
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