|(a) At least one Household member shall meet the definition
of Persons with Disabilities.
(b) The assisted Household must be qualified as Low-Income.
(c) The assisted Household's liquid assets shall not
exceed $25,000. Liquid assets are considered to be cash deposited
in checking or savings accounts, money markets, certificates of deposit,
mutual funds, or brokerage accounts; the net value of stocks or bonds
that may be easily converted to cash; and the net cash value calculated
utilizing the appraisal district's market value for any real property
that is not a principal residence. Funds in tax deferred accounts
for retirement or education savings (e.g., Individual Retirement Accounts,
401(k)s, 529 plans) and whole life insurance policies are excluded
from the liquid assets calculation.
(d) The Household may be ineligible for the program
if there is debt owed to the State of Texas, including a tax delinquency;
a child support delinquency; a student loan default; or any other
delinquent debt owed to the State of Texas.