§ 50411. Period of Ineligibility Due to Transfer of Property.
22 CA ADC § 50411Barclays Official California Code of Regulations
22 CCR § 50411
§ 50411. Period of Ineligibility Due to Transfer of Property.
(a) Following a determination of ineligibility due to the transfer of property, there shall be a period of ineligibility. This period shall be the time during which the net market value of the property at the time of transfer, less consideration received, would have supported the applicant or beneficiary and the applicant's or beneficiary's family.
Determine the net market value of the property at the time of transfer less any consideration received which is the net value of the property transferred.
(4) The number of months in the period of ineligibility shall be determined by dividing the excess net value of the property transferred by the monthly maintenance need for the applicant or beneficiary and the applicant's or beneficiary's family. The maintenance needs used shall be the maintenance needs in effect during each individual month since the date of the transfer. Income received by the family after the transfer shall not affect this computation.
Credits
Note: Authority cited: Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Sections 14006 and 14015, Welfare and Institutions Code.
History
1. Amendment of subsection (b)(4) and (b)(5) filed 12-15-77; effective thirtieth day thereafter (Register 77, No. 51).
2. Editorial correction adding Note filed 6-10-83 (Register 83, No. 24).
This database is current through 6/21/24 Register 2024, No. 25.
Cal. Admin. Code tit. 22, § 50411, 22 CA ADC § 50411
End of Document |