Section 17-675-28 - Special provision for financial assistance programs only - temporary exemption of real property other than the homeReal property not used as a family home may be exempted for a period of six months during which the family is making a good faith effort to sell subject to the following provisions:
(1) The family shall sign a written agreement to sell the real property and to repay the amount of financial assistance received during the six months that would not have been paid had the real property been sold at the beginning of the period;(2) The family has five working days from the date it realizes cash from the sale of the property to repay the overpayment; and(3) If the property was intentionally sold at less than fair market value or if it is otherwise determined that a good faith effort to sell the property is not being made, the overpayment amount shall be computed using the fair market value determined at the beginning of the conditional six-month eligibility period.[Eff 3/19/93; am 3/14/94; am 9/26/97] (Auth: HRS §§ 346-29; 346-53) (Imp: HRS §§ 346-29.5, 346-53; 45 C.F.R. §233.20 )