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Conversion of Property
[EAS 42-203.10, 42-219]
A conversion of property occurs when a recipient changes an existing resource from one form to another (i.e., sells a car and puts the monies received in a bank account).
Real and/or personal property may be acquired or converted to other forms by a recipient without affecting the AUs eligibility, as long as the total value of the AU’s property does not exceed the AU’s property limit.
Payments which include compensation for property which was lost, stolen, damaged or destroyed is evaluated as to the effect on income and property.
Related Topics
Availability and Inaccessibility