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(a) In this chapter, "resources" means any real or personal property that an applicant, together with his or her spouse under 7 AAC 40.240, owns and can convert to cash to be used for his or her support and maintenance.
(b) Any cash or other property received from the sale, exchange, or other disposition of a resource retains the character of a resource.
History: Eff. 5/12/82, Register 82; am 4/6/91, Register 118
Authority: AS 47.05.010
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Last modified 7/05/2006