South Dakota Administrative Rules
Title 67 - Department of Social Services
Article 67:46 - Eligibility for medical services
Chapter 67:46:05 - Long-term care resource requirements
Section 67:46:05:36 - Savings bonds
Universal Citation: SD Admin Rules 67:46:05:36
Current through Register Vol. 50, page 114, March 25, 2024
Savings bonds are considered a liquid asset to the extent of their current value. Bonds held in co-ownership with another person are deemed available to the applicant or recipient when the applicant or recipient is the actual purchaser or has the authority to cause the bond to be cashed. Bonds purchased with money that was counted as income in the month the income was received are not a countable resource until the month following the month of receipt of the income.
General Authority: SDCL 28-6-1.
Law Implemented: SDCL 28-6-1.
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