FAA4.B Liquid Assets (LIAS) : 02 Liquid Assets - Overview
02 Liquid Assets - Overview
Liquid assets may be determined countable or NOT countable, depending on the program. The resource limit amounts for each program are as follows:
Monies that have already been counted as income in a given month MUST NOT be counted as a resource in the same month. Count any money remaining in the following month as a resource.
Consider all countable liquid assets available to the budgetary unit when determining eligibility.
Policy and procedures for treatment of liquid assets are outlined as follows: