The trade-in value of a vehicle owned by a dependent child is excluded from the resource limit contained in § 67:12:05:05 if:
- (1) The household is assigned to the 1115 waiver group under the provisions of § 67:12:01:73;
- (2) The trade-in value does not exceed two thousand five hundred dollars;
- (3) The child who owns the vehicle is at least fourteen years old;
- (4) The child is at least a part-time student;
- (5) The child is employed at least part-time or has been employed at least part-time in the preceding twelve months;
- (6) The vehicle is owned solely by the child or is owned jointly by the child and the child's caretaker or another adult relative; and
(7) A portion of the payment for the car comes from the child's earnings.
This exclusion is limited to one vehicle for each qualifying dependent child.
Source: 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.