- (a) At least one Household member shall meet the definition of Persons with Disabilities.
- (b) The assisted Household shall not have Household income that exceeds 80% of Area Median Family Income.
- (c) The assisted Household's liquid assets shall not exceed $20,000. Liquid assets are considered to be cash deposited in checking or savings accounts, money markets, certificates of deposit, mutual funds or brokerage accounts; the net value of stocks or bonds that may be easily converted to cash; and the appraisal district's market value for any real property that is not a principal residence. Funds in tax-deferred accounts for retirement or education savings (e.g., Individual Retirement Accounts, 401Ks, 529 plans) are excluded from the liquid assets calculation.
- (d) The Household may be ineligible for the program if there is debt owed to the State of Texas, including a tax delinquency; a child support delinquency; a student loan default; or any other delinquent debt owed to the State of Texas.
Source Note:The provisions of this §26.25 adopted to be effective October 31, 2019, 44 TexReg 6358.