Section 29-2003. ASSETS CRITERIA

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2003.1An applicant's liquid assets shall not exceed twenty-five thousand dollars ($25,000) at the time of application for assistance.

2003.2For purposes of §2003.1, the term “liquid assets” is defined as cash, or property owned by the applicant which can be converted into cash, for use in his or her personal support and maintenance and including, but not limited to, stocks, bonds, savings accounts, and certificates of deposit; “liquid assets,” however, shall not be construed to include the applicant’s primary place of residence, automobile, household or personal belongings, or cash value of life insurance.

source

Final Rulemaking published at 36 DCR 4935, 4936 (July 14, 1989); Final Rulemaking published at 55 DCR 7085 (June 27, 2008).

                    
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