7 AAC 45.280. Resource limit

(a) An assistance unit is not eligible for ATAP benefits if the assistance unit has nonexempt resources with a total value, as determined under 7 AAC 45.310, in excess of $2,000 or, if the assistance unit includes an individual age 60 or older, $3,000. Resources are determined to be exempt or nonexempt in accordance with 7 AAC 45.300 and 7 AAC 45.301.

(b) Eligibility under (a) of this section is determined

(1) for an applicant, as of the date of the interview required by 7 AAC 45.170(a) ,

(2) for a recipient, as of the first day of the month for which eligibility is being determined.

History: Eff. 8/5/92, Register 123; am 10/1/97, Register 143; am 10/1/2001, Register 159; am 1/7/2005, Register 173

Authority: AS 47.05.010

AS 47.27.005

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