470 Ind. Admin. Code 10.3-4-5

Current through December 12, 2024
Section 470 IAC 10.3-4-5 - Lump sum payments

Authority: IC 12-13-2-3; IC 12-13-5-3; IC 12-13-7-5; IC 12-14-28-7

Affected: IC 12-14

Sec. 5.

(a) Money received in the form of a nonrecurring lump sum payment shall be counted as a resource starting in the month received unless specifically excluded under federal law.
(b) Money received in the form of a recurring lump sum payment shall be deemed as unearned income in the month received unless specifically excluded from consideration as income under federal law.

470 IAC 10.3-4-5

Division of Family Resources; 470 IAC 10.3-4-5; filed Oct 31, 2007, 9:57 a.m.: 20071128-IR-470070087FRA; errata filed Feb 4, 2008, 10:26 a.m.: 20080213-IR-470070087ACA; readopted filed Aug 23, 2013, 3:36 p.m.: 20130918-IR-470130306RFA
Readopted filed 11/13/2019, 11:56 a.m.: 20191211-IR-470190490RFA