- (a) In this chapter, "resources" means any real or personal property that an applicant, together with his or her spouse under 7 AAC 40.240, owns and can convert to cash to be used for his or her support and maintenance.
- (b) Any cash or other property received from the sale, exchange, or other disposition of a resource retains the character of a resource.
(Eff. 5/12/82, Register 82; am 4/6/91, Register 118)
Authority: AS 47.05.010, AS 47.25.430, AS 47.25.435, AS 47.25.460