1. (a) The Texas Health and Human Services Commission (HHSC) considers the value of a vehicle to be its fair market value (FMV).

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

   1. (1) it is income producing; or
   2. (2) it is used for a disabled household member.
3. (c) For a household with one certified parent, HHSC exempts up to $4,650 of the FMV of each vehicle not exempt under subsection (b) of this section, and counts the FMV in excess of $4,650 as a resource.

4. (d) For a household with two certified parents, HHSC:

   1. (1) exempts up to $15,000 of the FMV of one vehicle owned by a member of the household not exempt under subsection (b) of this section, and counts the FMV in excess of $15,000 as a resource; and
   2. (2) exempts up to $4,650 of the FMV of all other vehicles not exempt under subsection (b) of this section, and counts the FMV in excess of $4,650 as a resource.

Source Note:The provisions of this §366.727 adopted to be effective June 9, 2010, 35 TexReg 4661.