(1) Definitions for the purposes of conditional medical assistance include:
- (a) "Nonliquid resource" is personal property which is not cash and which cannot be converted to cash within 20 workdays.
- (b) "Liquid resource" is property which is cash or can be converted to cash within 20 workdays.
- (c) "Net proceeds" is the current market value of the resource less sale costs and encumbrances.
Authorizing statute(s): 53-6-113, MCA
Implementing statute(s): 53-6-101, 53-6-131, MCA
History: NEW, 1991 MAR p. 1045, Eff. 6/28/91; TRANS, from SRS, 2000 MAR p. 476.