10A NCAC 71U .0215      Resource Exclusions

Resource exclusions as set forth in 7 CFR 273.8(e), which is incorporated by reference, not including subsequent amendments and editions, and may be accessed at www.congress.gov at no charge. In addition to the resource exclusions found in federal regulations, the following resources shall be excluded in determining eligibility and benefit level:

(1)           funds from property conveyed to an individual at death of the property owner, also referred to as heir property;

(2)           burial plots;

(3)           lifetime interest in real or personal property limited to an individual's lifetime but the individual does not actually own the property;

(4)           remainder interest in property when one individual owns property and another individual has the lifetime right; and

(5)           land or buildings not excluded as a homesite, income producing property, or for the sale by good faith effort.

History Note:        Authority G.S. 108A-25; 108A-51; 143B-153; 7 CRF 273.8(e);

Temporary Adoption Eff. March 1, 2003;

Eff. August 1, 2004;

Readopted Eff. October 1, 2021.