461-140-0010 Effective 09/01/16
Assets; Income and Resources
- An available asset, either income or a resource, is categorized as either excluded or countable (defined in OAR 461-001-0000).
- The availability of resources is covered in OAR 461-140-0020.
- The availability of income is covered in OAR 461-140-0040.
- Excluded assets are identified in the rules in this chapter (see divisions 140 and 145 in particular) and are not considered when a client's eligibility and benefit level are determined.
- In the OSIP, OSIPM, and QMB programs, an asset excluded pursuant to a rule in OAR Chapter 461 remains excluded as long as the asset is used in a manner consistent with the rule that provided the exclusion.
- An available asset not specifically excluded is countable, and its value is used in determining the eligibility and benefit level of a client.
- An asset may not be counted as a resource and as income in the same month.
Stat. Auth.: ORS 411.060, 411.070, 411.816, 412.049
Stats. Implemented: ORS 411.060, 411.070, 411.816, 412.049