Current through Register Vol. 39, No. 6, September 16, 2024
(a) A Work First
assistance unit shall be allowed to reserve resources at a maximum of three
thousand dollars ($3,000). The assistance unit is ineligible if the reserve
level exceeds this maximum.
(b)
Resources owned by the following budget unit members shall be counted for
purposes of eligibility of Work First assistance:
(1) Parent, adoptive parent, or stepparent
unless the individual receives SSI;
(2) If the child is included in the payment,
the child's resources shall be counted; and
(3) Jointly owned resources shall be counted
for purposes of eligibility of Work First assistance as follows:
(A) If a budget unit member owns resources
jointly with another public assistance recipient, the budget unit member's
share shall be counted as an available resource. The resource shall be divided
equally among the owners unless the owners have a signed agreement specifying
division;
(B) If a budget unit
member owns resources jointly with a non-assistance recipient, and the budget
unit member can dispose of the resource without the consent of the other owner,
the budget unit member's share shall be counted as an available resource. The
resource shall be divided equally among the owners unless they have a signed
agreement specifying division; and
(C) If a budget unit member owns resources
jointly with a non-assistance recipient, and the budget unit member cannot
dispose of the resource without the consent of the other owners, it shall be
determined whether the non-assistance recipient consents to the disposal of the
resource and counted as follows:
(i) If the
non-assistance recipient consents, the budget unit member's share of the
resource shall be counted. Resources shall be divided equally among the owners
unless they have a signed agreement specifying division; or
(ii) If the non-assistance recipient refuses,
the budget unit member's share shall not be counted.
(d) Reserve items shall
be counted for purposes of eligibility of Work First assistance as follows:
(1) cash on hand;
(2) the current balance of savings
accounts;
(3) that portion of a
checking account other than the monthly income deposited to meet the family's
needs; and
(4) stocks, bonds,
mutual fund shares.
(e)
Reserve items shall be excluded for purposes of eligibility of Work First
assistance as follows:
(1) personal effects
and household goods;
(2) a mobile
home;
(3) life insurance;
(4) burial insurance;
(5) that portion of a checking account that
is the monthly income deposited to meet the family's needs;
(6) life estate or remainder
interest;
(7) heir property from an
estate which has not been settled;
(8) motor vehicles;
(9) real property including income-producing
property;
(10) income received from
a reverse mortgage;
(11) retirement
funds;
(12) trust funds;
(13) remaining balances of lump-sum payments;
and
(14) a Uniform Transfer to
Minors Account if the owner of the account is included in the budget
unit.
(f) The applicant
or recipient's statement of the value of reserve property shall be accepted
without further verification unless the statement of value is incomplete,
inconsistent, unclear, or the values stated by the applicant or recipient would
cause the budget unit's reserve to exceed the reserve maximum.
Authority
G.S.
108A-27;
143B-153;
45 C.F.R.
233.20;
Eff. February 1,
1984;
Amended Eff. June 1, 1990; February 1, 1986;
Readopted Eff. October 1, 2021.
