If an applicant or recipient has savings less than the maximum resource limit, interest on the savings is considered unearned income available to the assistance unit at the time it is credited to the account.

Cross-References:

Maximum resource limit, § 67:12:05:05.

Interest from child's savings account excluded, § 67:12:05:78.

Source: SL 1975, ch 16, § 1; 7 SDR 66, 7 SDR 89, effective July 1, 1981; 13 SDR 193, effective June 22, 1987; 20 SDR 196, effective May 23, 1994 ; 52 SDR 55, effective December 2, 2025 .

General Authority: SDCL 28- 6-1 .

Law Implemented: SDCL 28- 6-1 .

Prior versions effective: 1994-05-23.