1. (a) The Texas Health and Human Services Commission (HHSC) considers the value of a vehicle to be its fair market value.
2. (b) HHSC exempts the value of the highest valued countable vehicle from countable resources.

3. (c) HHSC exempts the value of a vehicle from countable resources, if:

   1. (1) it is income producing;
   2. (2) it is used for a disabled household member;
   3. (3) its equity value is equal to or less than $1,500;
   4. (4) it is used for long distance travel for employment;
   5. (5) it is used as the household's home; or
   6. (6) it is necessary to carry fuel or water anticipated to be the primary source of fuel or water for the household during the certification period.
4. (d) HHSC exempts up to $4,650 of the value of any vehicle not exempt under subsection (b) of this section. HHSC exempts any other licensed vehicle a minor (under 18 years of age) drives to work, training, school, or to seek employment if the fair market value (FMV) is less than $4,650. HHSC counts the FMV in excess of $4,650 as a resource.

Source Note:The provisions of this §366.625 adopted to be effective June 9, 2010, 35 TexReg 4661.