S.D. Admin. R. 67:10:03:10

Current through Register Vol. 50, page 159, June 17, 2024
Section 67:10:03:10 - Periodic and lease income considered

The department considers income received from trust land leases by the fiscal year, July 1 through June 30.

The department shall exclude up to $2,000 a year of lease income received by an Indian from real property held in trust by the federal government. If the income from the trust land lease is expected to continue to be over $2,000 after the date of application or after the date of the continuing eligibility determination, the department shall prorate for the current fiscal year the lease income received in the previous fiscal year, less $2,000, when determining eligibility and computing the assistance grant. The department may consider only that portion of income from the previous fiscal year's lease that is expected to continue in the current fiscal year.

All other periodic or contractual lease income is prorated over the length of the lease.

S.D. Admin. R. 67:10:03:10

24 SDR 24, effective 8/31/1997; 36 SDR 103, effective 12/21/2009.

General Authority: SDCL 28-7A-3(1)(3).

Law Implemented: SDCL 28-7A-3(1)(3).