Resources used in determining eligibility for assistance

Sec. 2. (a) If:

(1) an applicant for or recipient of assistance under Title XVI of the federal Social Security Act (42 U.S.C. 1381 et seq.) owns resources described in section 1(1), 1(2), or 1(3) of this chapter; and

(2) the total face value of the resources exceeds one thousand dollars ($1,000);

the value of the resources greater than one thousand dollars ($1,000) may be considered as a resource in determining the applicant's or recipient's eligibility for the assistance.

(b) However, a Holocaust victim's settlement payment received by an eligible individual may not be considered as a resource in determining the applicant's or recipient's eligibility for the assistance under this section.

[Pre-1992 Revision Citation: 12-1-7.2-2(b).]

As added by P.L.2-1992, SEC.8. Amended by P.L.128-1999, SEC.19.