1. (a)

   1. (1) A resource is any real or personal property available to an individual to meet his or her needs, i.e., can be turned into cash.
   2. (2) Only those resources currently available, or which the individual has the legal ability to make available, will be considered.
   3. (3) Accumulations in trust funds, retirement, and profit-sharing plans, or other arrangements that preclude the use of the property for meeting current needs, will not be considered until such time as the property is actually available.
2. (b) All or any portion of a payment that is considered as income in the month of receipt cannot be considered as a resource in the same month. Example: Ms. Smith has a checking account with a balance of seven hundred fifty dollars ($750). On March 5, she deposits her regular monthly one hundred-dollar Social Security check into it. Since the one hundred dollars ($100) she deposited is income for March, it cannot be included as part of the resource (the checking account) for March. Any of the March one hundred dollars ($100) remaining in the account as of April 1, however, would then be considered as a resource.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: “07/01/97”