A savings bond is included as a liquid resource when applying the resource limit in § 67:12:05:05 to the extent of its current value. Unless the applicant or recipient produces clear and convincing evidence to the contrary, a savings bond co-owned with another individual is considered a liquid resource of the applicant or recipient, when applying the resource limit in § 67:12:05:05, if the applicant or recipient is the actual purchaser or has the power to cash the bond.

Source: SL 1975, ch 16, § 1; 7 SDR 66, 7 SDR 89, effective July 1, 1981; 12 SDR 112, effective January 16, 1986 ; 52 SDR 55, effective December 2, 2025 .

General Authority: SDCL 28- 6-1 .

Law Implemented: SDCL 28- 6-1 .

Prior versions effective: 1986-01-16.