New Mexico Administrative Code
Title 8 - SOCIAL SERVICES
Chapter 106 - STATE FUNDED ASSISTANCE PROGRAMS
Part 510 - ELIGIBILITY POLICY- RESOURCES/PROPERTY
Section 8.106.510.8 - RESOURCE STANDARDS
Current through Register Vol. 35, No. 18, September 24, 2024
To be eligible, the value of all countable personal and real property, belonging to or considered as belonging to or considered available to the benefit group, shall not exceed the liquid or non-liquid resource limits. Total resources that exceed the liquid or non-liquid resource limit result in benefit group ineligibility unless the nature of the property or an express condition of its ownership prohibits its transfer. Resources are evaluated based upon their equity value.
A. Liquid resources: The value of countable liquid resources shall not exceed $1,500.
B. Non-liquid resources: The value of countable non-liquid resources shall not exceed $2,000.