MFIP, MSA, GA, HSP:
No provisions.


SNAP:
Only non-categorically eligible SNAP units ARE subject to an asset test. Categorically eligible SNAP units are NOT subject to an asset test. See 0013.06 (SNAP Categorical Eligibility/Ineligibility) to determine categorical eligibility or ineligibility.

ASSET LIMIT
Non-categorically eligible units are not eligible for SNAP if all countable assets exceed:

●

$4,500 for units with at least one eligible member who is elderly or disabled. To determine if a unit member meets the disability criteria for this purpose, see category 1 in 0010.18.06 (Verifying Disability/Incapacity – SNAP). For elderly see 0002.19 (Glossary: Early...). NOTE: When the only elderly or disabled person in the unit is the person disqualified because of an Intentional Program Violation (IPV) or is considered a fleeing felon or parole violator, the unit is no longer considered a unit with an elderly or disabled unit member and must meet the asset limit below.

●

$3,000 for units without an elderly or disabled unit member.

COUNTABLE ASSETS
Count all liquid and non-liquid assets towards a unit’s applicable asset limit unless the asset is excluded under 0015.84 (Excluded Assets - SNAP).

Do not count income as an asset in the same month.

Liquid Assets

●	Cash on hand
●	Checking accounts
●	Savings accounts
●	Current market value of stocks and bonds See 0015.84 (Excluded Assets - SNAP) for more information on US Savings Bond.
●	Certificates of deposit
●	Gift cards that are not store-specific, which can be spent like cash and used anywhere
●	Cryptocurrencies such as Bitcoin
●	Non-recurring lump sum payments are: Money received as a one-time occurrence that cannot be reasonably anticipated is considered a non-recurring lump sum payment for SNAP. Non-recurring lump sum payments are not counted as income in the month received however, they are counted as a liquid asset. Count non-recurring lump sum payments as an asset in the month received unless excluded under 0015.84 (Excluded Assets - SNAP). When the unit receives a combination of current and retroactive payments of RSDI, VA, unemployment insurance, etc. at once, only the retroactive payment is counted as an asset. The payment for the current month is counted as income.

NOTE: Liquid assets are considered when screening for expedited SNAP processing. See 0004.04 (Expedited SNAP).

Non-liquid Assets

Count all non-liquid assets that are not excluded under 0015.84 (Excluded Assets - SNAP). Non-liquid assets may include but not limited to:

●	Personal property
●	Land
●	Buildings
●	Recreational property and vacation property Count the equity value of property primarily used for recreational or vacation purposes. This may include but is not limited to: Canoes, rowboats, or kayaks Travel trailers and nonmotorized campers Vacation homes Mobile homes used for vacation or recreational purposes

VERIFICATION
The unit must report assets during the SNAP interview. Accept verbal attestation of assets as verification, unless questionable.

VALUE DETERMINATION
For countable liquid assets, count the current value of the cash on hand, checking accounts, savings accounts, stocks, bonds, etc.

For countable non-liquid assets, count the equity value of the assets. The equity value is the fair market value minus the amount owed on the asset.

VEHICLES AND VEHICLE VALUE DETERMINATION
See Vehicles in 0002.71 (Glossary: Two Party...).

Exclude:

●	One vehicle per SNAP unit member who is age 16 or older
●	Leased or rented vehicles
●	Vehicles the unit uses as their home
●	Any vehicles that meet an exclusion in 0015.84 (Excluded Assets - SNAP)

For vehicles not excluded above, count the trade-in value. The trade-in value is the Average Trade-In value listed in the current NADA online car values and car prices guide.

When the vehicle is not listed in the current NADA online guide or the unit disputes the trade-in value listed in the current NADA online guide, accept a written statement of a vehicle's trade-in value from a car dealer licensed in Minnesota.

Do not require a written statement if it will not affect the client’s eligibility. If there is a cost in securing a written statement, the county or Tribal Nation must reimburse the unit.

WHOSE ASSETS TO COUNT
All assistance unit members’ assets must be counted.

Count the assets of a sponsored non-citizen’s sponsor, sponsor’s spouse, and any joint sponsor and joint sponsor’s spouse. This only applies to the sponsored non-citizen. See 0031.33 (Sponsor Deeming) for more information on when and how much to deem to the sponsored non-citizen.

Count the assets of the following ineligible mandatory unit members:

●	Non-citizens
●	Time-limited SNAP Recipients
●	Non-applicants
●	Members disqualified for an Intentional Program Violation (IPV)
●	Members ineligible due to not meeting the SNAP general work requirements
●	Fleeing felons, probation and parole violators

Do not count the assets of the following people as being available to the unit:

●	Anyone who receives SSI or public assistance (PA) such as, GA and MFIP This exception does not apply when the unit is non-categorically eligible due to substantial lottery or gambling winnings. Count assets for all SNAP unit members including those who receive SSI and PA.
●	Ineligible students
●	Boarders who are not included in the unit.
●	Roomers who do not customarily buy and prepare food with the unit.
●	Live-in attendants who are not included in the unit.
●	Other people who live with the household but are not mandatory unit members.

JOINT OWNERSHIP
When assets are owned jointly by separate units, count the full value of the asset to each unit, unless:

●	The unit can verify that all or part of the asset is not available, in this situation only count the part that is available to the unit.
●	The asset cannot be subdivided
●	The unit's access to the asset or their value of the asset depends on the willingness of a joint owner who refuses access.

See TEMP Manual TE02.10.31 (Jointly Owned Assets), for system instructions for entering asset when owned jointly.

MIXED ASSETS
When excluded assets are mixed in an account with countable assets, continue to exclude the excluded assets for one of these periods:

●	For six months from the date the exempt asset was mixed with the countable assets.
●	If an excluded asset is money that has been prorated as income, exclude it only for the period over which it has been prorated. After that period expires, count the remaining asset. (Self-employment income and farm income are examples of prorated income.)

TRANSFERRED ASSETS
When countable assets are transferred within three months before the application date or anytime assets are reviewed, determine if the transfer was an allowable or disqualifying transfer.

Allowable Transfers:

●	Are sold or traded at, or near, the value of the asset.
●	Are transferred between unit members.
●	Are transferred for reasons other than to qualify or attempt to qualify for SNAP. An example is a parent putting money in an educational trust fund.
●	The transfer does not exceed the asset limit when added to the other countable asset.

Disqualifying Transfers:

Deny or disqualify the unit when a unit member or a person whose assets are considered as countable towards the unit transfers countable assets and the reason for the transfer is to become or remain eligible for SNAP. An administrative disqualification hearing (ADH) is not required to impose disqualifications due to disqualifying transfers.

Disqualification Period

For applying units, the disqualification begins the month of application.

For active SNAP units, close the case the next available month, allowing for 10-day notice. The disqualification begins the month SNAP closes.

SNAP must remain open when a unit has appealed the closure and has requested continuation of benefits.

Follow the steps below to determine the length of the disqualification:

1.	Add the unit’s countable transferred assets and other countable assets. This will equal the total assets.
2.	From the total assets subtract the asset limit for the unit (see above for the asset limit). This will equal the “amount that exceeds the asset limit.”
3.	Once the amount that exceeds the asset limit is determined, use the following table to determine the period of disqualification:

Amount that exceeds the asset limit	Period of disqualification
$0.01 to 249.99	1 month
$250 to 999.99	3 months
$1,000 to 2,999.99	6 months
$3,000 to 4,999.99	9 months
$5,000 or more	12 months