PM 07-04-00: SNAP

WAG 07-04-00

  • 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.
  • If the value of a noncategorically eligible (PM 05-07-00, PM 05-07-02 ) SNAP household's nonexempt assets exceeds the asset limit the household is ineligible.
  • A noncategorically eligible SNAP household must report all assets at application. See PM 18-04-00 for changes the SNAP household must report during the approval period.
  • new manual textAll categorically eligible (including SNAP households receiving TANF and SSI income) and noncategorically eligible SNAP households are subject to the substantial lottery or gambling winnings asset limit. Substantial lottery or gambling winnings received prior to an initial application do not affect eligibility. Only winnings won during the certification period or won at the time of the redetermination (REDE) or Mid-Point Report (MPR) are considered. Eligibility is lost immediately for the first month that benefits can be effective, regardless of whether the winnings have been spent. See PM 07-04-21.