Previous Rules

461-140-0010    Effective 10/01/06
Assets; Income and Resources

  1. An available asset, either income or a resource, is categorized as either excluded or countable (defined in OAR 461-001-0000).

  2. The availability of resources is covered in OAR 461-140-0020.

  3. The availability of income is covered in OAR 461-140-0040.

  4. 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.

  5. An available asset not specifically excluded is countable, and its value is used in determining the eligibility and benefit level of a client.

  6. 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, 418.100
Stats. Implemented: ORS 411.060, 411.070, 411.816, 418.100

461-140-0010 Effective 4/01/00
Assets; Income and Resources

  1. In order to be eligible for some programs, a client's current available income and available resources must not exceed prescribed limits. Income is not counted as a resource in the month it becomes available.

  2. An available asset, either income or resource, is categorized as either excluded or countable. 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. Available assets not specifically excluded are countable, and their value is used in determining a client's eligibility and benefit level.

Stat. Auth: ORS 411.060
Stats. Implemented: ORS 411.060

461-140-0010
Assets; Overview

For all programs, treat assets as follows unless otherwise specified in other administrative rule(s):

  1. An available asset is either counted as income, counted as a resource, or excluded in any given budget month. "Excluded" means an asset is not counted as either income or as a resource. Unearned income, earned income and resources are assets. When determining financial eligibility, count all assets not specifically excluded.

  2. Assets not available (per rules 461-140-0020 and 461-140-0040) do not affect a benefit group's eligibility or benefit level. An asset that is counted as income is excluded as a resource in that budget month. Count any remaining amounts as a resource the following month.