OAR 461-140-0010
Assets; Income and Resources

(1)

An available asset, either income or a resource, is categorized as either excluded or countable (defined in OAR 461-001-0000 (Definitions for Chapter 461)).

(2)

The availability of resources is covered in OAR 461-140-0020 (Availability of Resources).

(3)

The availability of income is covered in OAR 461-140-0040 (Determining Availability of Income).

(4)

Excluded assets are identified in the rules in this chapter (see divisions 140 and 145 in particular) and are not considered when a client’s eligibility and benefit level are determined.

(5)

In the OSIP, OSIPM, and QMB programs, an asset excluded pursuant to a rule in OAR Chapter 461 remains excluded as long as the asset is used in a manner consistent with the rule that provided the exclusion.

(6)

An available asset not specifically excluded is countable, and its value is used in determining the eligibility and benefit level of a client.

(7)

An asset may not be counted as a resource and as income in the same month.

Source: Rule 461-140-0010 — Assets; Income and Resources, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=461-140-0010.

Last Updated

Jun. 8, 2021

Rule 461-140-0010’s source at or​.us