New York Codes, Rules and Regulations
Title 18 - DEPARTMENT OF SOCIAL SERVICES
Chapter II - Regulations of the Department of Social Services
Subchapter B - Public Assistance
Article 1 - Determination of Eligibility-General
Part 352 - Standards of Assistance
Section 352.25 - Net income from assigned assets

Universal Citation: 18 NY Comp Codes Rules and Regs § 352.25

Current through Register Vol. 46, No. 39, September 25, 2024

Net income from an asset assigned to the agency shall be deemed current income and shall be applied against current need. (Net income is the difference between gross income and essential charges.) It may not be applied as a recovery of prior assistance rendered as long as current need remains unmet. Such income includes the following:

(a) rental income from assigned real property;

(b) disability or annuity income or benefits under an insurance policy;

(d) dividends or interest from assigned stocks or bonds; and

(e) any other assigned asset that may become income-producing.

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