TANF, SNAP, Children on TP 32 and Children on TP 56

Resources are assets or possessions that are either countable or exempt, depending on the program and Type of Assistance (TOA) . There are liquid and nonliquid resources. Liquid resources are those that are readily available, such as cash, checking or savings accounts, debit accounts, savings certificates, stocks, or bonds. Nonliquid resources are those that cannot be readily converted to cash, including vehicles, buildings, land, or certain other property. Count the equity value of all resources, liquid and nonliquid, unless otherwise specified or listed as exempt. The equity value is the fair market value (FMV) of an item minus all money owed on the item and the cost associated with the item’s sale or transfer.

Count resources of:

an alien's sponsor;

disqualified people;

stepparents in TANF households;

members of the TANF certified group;

members of the SNAP EDG ; and

children on TP 32 and TP 56 EDGs.

If payments exempted as resources are kept in a separate account, those payments remain exempt. If the money is placed in an interest-bearing account, the interest must be counted as income in the month received. If the money is combined with money that is countable, exempt the excluded funds for six months from the date the funds are combined. After six months, the total amount of combined funds should be counted as an available resource.

Related Policy

Resources of an Alien’s Sponsor, A-1245 Resources of Stepparents, A-1247