1. (a) All items of clothing shall be exempt.

2. (b) The following jewelry shall be exempt:

   1. (1) Wedding and engagement rings.
   2. (2) Heirlooms.
   3. (3) Any other item of jewelry with a net market value of $100 or less.
3. (c) The net market value of jewelry not exempted above shall be included in the property reserve.

4. (d) The net market value of jewelry shall be determined as follows:

   1. (1) The applicant or beneficiary shall submit at least one written appraisal of current market value by a jeweler, insurance adjustor or personal property appraiser, or proof of the purchase price in the form of a sales slip which shall establish the market value.
   2. (2) Subtract any encumbrances of record from the market value. This is the net market value.

Note: Authority cited: Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Section 14006, Welfare and Institutions Code; and 42 CFR 435.851.

History

1. Amendment of subsection (d) filed 8-18-82 as an emergency; effective upon filing (Register 82, No. 34). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 12-16-82.

2. Certificate of Compliance transmitted to OAL 12-14-82 and filed 1-21-83 (Register 83, No. 4).

3. Editorial correction of Note filed 6-10-83 (Register 83, No. 24).

4. Amendment of subsection (d)(1) filed 10-24-86; effective thirtieth day thereafter (Register 86, No. 43).