Department of Human Services

Food Stamp Online  Policy Manual

Exempt Resources

Revised: 

15.19

HANDLING OF EXCLUDED FUNDS

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1240-1-4-.05(19)

(a)  Excluded liquid assets kept in a separate account, and not commingled in an account with non-excluded funds, retain their resource exclusion for an unlimited period of time.

 

(b) Resources which have been excluded as prorated income but are commingled in an account with non-excluded funds, will retain their exclusion for the period of time over which they have been prorated. (They will not be counted as both income and resources during the same period of time.)

 

(c)  All other excluded monies which are commingled with non-excluded funds will retain their exemption for six months from the date they are commingled. After six months, all funds in the commingled account, other than those in (a) above, are counted as a resource.

 

Glossary of Terms

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