Section 17-675-14 - Evaluating assets for financial assistance(a) The assets of a recipient shall be evaluated as of the first of the month for which eligibility is being determined.(b) The assets of an applicant shall be evaluated as of the date of application for eligibility determination purposes.(c) The amounts used to determine the equity value of non-exempt assets shall not be rounded off.(d) The assets of an SSI recipient shall not be considered in determining eligibility for the AFDC category for remaining members of the household.(e) The assets of an SSI recipient shall be considered in determining the recipient's eligibility for the General Assistance and state-funded assistance for aged, blind, and disabled individuals.(f) When individuals in the household are eligible for financial assistance in different categories of assistance, the equity value of the asset shall be assigned to the individual who has legal ownership of the asset.(g) Assets shall be considered part of the personal reserve both when actually available and when the applicant or recipient has a legal interest in a liquidated sum and has the legal ability to make such sum available for support and maintenance.(h) Assets of both parents, natural, legal, or adoptive, shall be considered available for each other and the support of their children. The natural parent, with no legal duty to support, who is not included in the financial assistance payment shall be counted as a member of the assistance household in determining whether the assets are below the personal reserve standard.(i) Assets that are jointly held by an applicant or recipient and other persons shall be considered available, unless prohibited by the legal terms of ownership or evidence is presented to confirm the assets are not available to the applicant or recipient.(j) All individuals shall apply for and develop potential sources of assets. When the individual fails to apply for or develop sources of assets, the department shall:(1) Consider the amount the individual is entitled to receive in determining eligibility for financial assistance when the individual provides the department with verification of the amount; or(2) Deny or terminate financial assistance when the individual fails to provide the department with verification to determine the amount of the asset.(k) An individual or household who fails to provide verification of the value of their assets shall be ineligible for financial assistance.(1) An individual or household shall be allowed ten days to provide the necessary verification of the value of the individual's or household's assets; and(2) The deadline may be extended because of factors beyond the individual's or household's control.[Eff 3/19/93; am 9/26/97; am 1/17/08] (Auth: HRS §§ 346-29, 346-53, 346-71) (Imp: HRS §§ 346-29, 346-71; 45 C.F.R. §233.20 )