An asset is exempt when its equity value minus the anticipated expenses of selling or disposing of it would result in the household receiving less than $1,500. This policy does not apply to stocks, bonds, or negotiable financial instruments.
Note: The assets of a categorically eligible SNAP household (PM 05-07-00) are exempt, unless the household receives substantial lottery or gambling winnings as a cash prize of more than $4,250 (see PM 07-04-21).
Illinois Department of Human ServicesJB Pritzker, Governor · Grace B. Hou, Secretary
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