WAG 07-03-00.

An asset is real or personal property. Specific assets are exempt when figuring eligibility. Use the equity value of nonexempt assets when figuring eligibility. Equity value is the face or market value of an item minus any debts owed against it.

A General Assistance (GA) unit is ineligible if the equity value of their nonexempt assets exceeds the asset limit for the unit.