# 8.215.500.11 NMAC: Section 11. Resource Standards

> New Mexico · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S11

## Section

- **Citation:** 8.215.500.11 NMAC
- **Heading:** Section 11. Resource Standards
- **Jurisdiction:** New Mexico
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NMAC / Title 8 (SOCIAL SERVICES) / Chapter 215 (MEDICAID ELIGIBILITY - SUPPLEMENTAL SECURITY INCOME (SSI)) / Part 500 (INCOME AND RESOURCE STANDARDS) / Section 11

## Text

A "resource" is defined as cash or liquid assets and real or personal property which is owned and can be used either directly, or by sale or conversion, for the applicant/recipient's support and maintenance. Resources may be liquid or non-liquid and may be excluded from the eligibility determination process under certain conditions. A liquid resource is an asset which can readily be converted to cash. A non-liquid resource is an asset or property which cannot readily be converted to cash. A. Resource determination: The resource determination is made as of the first moment of the first day of the month of application. An applicant/recipient is ineligible for any month in which his/her countable resources exceed the allowable resource standard as of the first moment of the first day of the month. Changes in the amount of countable resources during a month do not affect eligibility or ineligibility for that month. B. Distinguishing between resources and income: Resources must be distinguished from income to avoid counting a single asset twice. As a general rule, ownership of a resource precedes the current month while income is received in the current month. Income held by an applicant/recipient until the following month becomes a resource.

## Nearby sections

- [8.215.500.1 NMAC Section 1. Issuing Agency](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S1.md)
- [8.215.500.2 NMAC Section 2. Scope](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S2.md)
- [8.215.500.3 NMAC Section 3. Statutory Authority](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S3.md)
- [8.215.500.5 NMAC Section 5. Effective Date](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S5.md)
- [8.215.500.6 NMAC Section 6. Objective](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S6.md)
- [8.215.500.7 NMAC Section 7. Definitions](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S7.md)
- [8.215.500.9 NMAC Section 9. Need Determination](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S9.md)
- [8.215.500.10 NMAC Section 10. Application Process](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S10.md)
- [8.215.500.11 NMAC Section 11. Resource Standards](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S11.md)
- [8.215.500.12 NMAC Section 12. Applicable Resource Standards](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S12.md)
- [8.215.500.13 NMAC Section 13. Countable Resources](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S13.md)
- [8.215.500.14 NMAC Section 14. Resource Exclusions](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S14.md)
- [8.215.500.15 NMAC Section 15. Asset Transfers](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S15.md)
- [8.215.500.16 NMAC Section 16. Trusts](https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S16.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/SREGS_NM_T8_C215_P500_S11. Check the current official text before relying on it. Not legal advice.