Department of Human Services
Food Stamp Online Policy Manual
COUNTABLE LIQUID RESOURCES
(a) Cash on hand
(b) Checking or savings account in a bank or other savings institution including credit union
Note: Do not include as a resource the monthly amount which has been counted as income in the period under consideration.
(c) Savings certificates
(d) Stocks or bonds
(e) Proceeds from sale of property received as a lump sum
(f) Proceeds from estate settlement received as a lump sum
(g) Pension plans not covered in 1240-1-4-.05(6).
If the cash value of an excluded type of plan is rolled over into a countable resource, the cash value loses its exclusion and becomes an included resource.
(h) Non-Recurring Lump Sum/Retroactive Payments
Lump sum liquid resources such as the following are considered a resource in the month received, unless specifically excluded from consideration as a resource by other federal laws:
1. Retroactive payments such as RSDI, VA, Unemployment benefits, and Workman’s Compensation;
2. Windfalls, cash gifts, prizes, and awards;
3. Income tax refunds;
4. Tax rebates and credits;
5. Refunds of security deposits on rental property or utilities;
6. Vacation, sick, longevity and bonus pay received in a lump sum payment by an employee whose employment has been terminated; and
Note: If the employee chooses not to withdraw the pay, count the value as a resource beginning the month the layoff or termination is effective. (Refer to Unearned Income Section for such payments received in installments after employment is terminated.)
7. Monthly earned income tax credits or lump sum EITC payments for new households, new assistance group members and individuals off the program more than 30 days are counted. Also any amount of EITC remaining after the 12 month exclusion must be considered.