In determining eligibility for CCAD services, the department considers the following to be resources. (1) Liquid resources including cash on hand, certificates of deposit, checking or savings accounts, money market funds, revocable trust funds, savings certificates, stocks, or bonds. Liquid resources also include the individual's or couple's portion of money in a checking or savings account or a money market fund held jointly with a another person. (A) Jointly held liquid resources are the resources of the applicant/client if he has unrestricted access to the funds regardless of the source. The applicant/client may move his portion of jointly held funds in a joint account to a new account. The new account may be jointly owned, but all funds in the new account are his. (B) Money received as a nonrecurring lump sum payment is not considered a resource until 30 days from the date of receipt. Lump sum payments
include, but are not limited to, income tax refunds; earned income tax credits or rebates; one-time bonuses from mineral rights; retroactive lump sum social security, SSI, or railroad retirement benefits; lump sum insurance settlements; one-time gifts, awards, or prizes; and refunds from rental or utility deposits. The applicant/client is responsible for reporting the receipt of a lump sum payment. (2) Nonliquid resources including nonexempt licensed or unlicensed vehicles; buildings and land not designated as homestead that are not producing income, or are producing income less than 6.0% of the equity value; and any other property not specifically excluded.