<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".05" citation="COMAR 07.03.07.05" title_num="07" subtitle_num="03" chapter_num="07" heading="Determining Available Resources.">
  <paragraph num="A.">
    <text>Resources Retained.</text>
    <paragraph num="(1)">
      <text>The Public Assistance to Adults applicant or recipient may retain up to $2,000 in countable resources.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>To determine the individual's eligibility, the local department shall measure the individual's countable resources against the maximum allowable amount as described in §A(1) of this regulation.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>Countable resources include but are not limited to:</text>
    <paragraph num="(1)">
      <text>Cash on hand;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Money in the bank;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Stocks;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Bonds;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Real property other than the applicant's or recipient's home; and</text>
    </paragraph>
    <paragraph num="(6)">
      <text>Trust fund principal when the individual:</text>
      <paragraph num="(a)">
        <text>Is the beneficiary; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Has unrestricted access to the principal of the trust.</text>
      </paragraph>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>Ownership of Home.</text>
    <paragraph num="(1)">
      <text>An applicant or recipient may retain the home the applicant or recipient owns if the:</text>
      <paragraph num="(a)">
        <text>Applicant or recipient was living in the home and plans to return to the home within 6 months from the date of the application for assistance; or</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Spouse with whom the applicant or recipient was living when the applicant or recipient entered care is still living in the home.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>If neither of the conditions described in §C(1) of this regulation exists, then the equity value of the home is considered a countable resource.</text>
    </paragraph>
  </paragraph>
  <paragraph num="D.">
    <text>Transfer of Property. Transfer of property while receiving assistance with the intent to defeat the purposes of the law and without the consent of the local department shall be dealt with as described in COMAR 07.03.01.</text>
  </paragraph>
</regulation>