Section R. 400.7003 - Definitions; E, FRule 3. As used in these rules:
(a) "Earned income" means cash that is received by a person for activities he or she engages in as a self-employed person or as an employee, from renting property, or from providing room and board.(b) "Electricity fiscal year cap" means the maximum amount that may be approved for electricity during a fiscal year.(c) "Electricity required payment amount" means the amount that a SER group must have paid toward its household electric obligation during each month of the 6-month period before the month in which the SER group applies for energy assistance as a condition of eligibility for emergency relief for energy.(d) "Emergency" means a situation in which immediate action is necessary to prevent serious harm or hardship.(e) "Emergency relief" means relief that is paid under the SER program.(f) "Equity" means the current market value of an asset minus any liens and indebtedness on the asset and minus the reasonable expenses that are necessary to liquidate the asset.(g) "Federally funded home repairs allowance" means the maximum cumulative amount that may be approved during the lifetime of the client for energy-related home repairs that are wholly funded with federal funds.Mich. Admin. Code R. 400.7003
1993 AACS; 2015 MR 9, Eff. May 7, 2015