One or more savings accounts with a cumulative balance of one thousand dollars or less is excluded as a liquid asset if:
- (1) The assistance unit is assigned to the 1115 waiver group under the provisions of § 67:12:01:73;
- (2) The excluded account is owned solely by the dependent child or the child owns the savings account jointly with the caretaker or another adult relative;
- (3) The child is at least a part-time student;
- (4) The child is employed at least part-time or has been employed at least part-time in the preceding twelve months; and
- (5) A portion of the account is derived from the child's earnings.
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.