Section 16.03.05.284 - RESOURCE TRANSFER FOR LESS THAN FAIR MARKET VALUEAABD cash participants are subject to a period of ineligibility if they transfer resources for less than fair market value. The participant is not subject to a period of ineligibility if their total countable resources in the transfer month were under two thousand dollars ($2,000), even if they have kept the transferred resources. Excluded resources, except for the excluded home and associated property, are not subject to the resource transfer period of ineligibility. The exceptions to the period of ineligibility for transfer of resources are listed in Section 292 of these rules.
01.Transfer of Resources. Includes reducing or eliminating the participant's ownership or control of the resource. Transfer of resources includes giving away cash resources without receiving fair market value.02.Transfer of Participant's Resources by a Spouse of Either Spouse's Resources. Subjects the participant to the resource transfer period of ineligibility.03.Transfer of Participant's Resources by a Co-Owner. Subjects the participant to a period of ineligibility based on their share of the co-owed resources.04.Transfer of Participant's Resources by a Legal Representative Such as a Legal Guardian or Parent of Minor Child. Subjects the participant to a period of ineligibility.Idaho Admin. Code r. 16.03.05.284