Kan. Admin. Regs. § 30-4-109 - Personal property
(a)
Definitions for TANF and food assistance programs.
(1) "Cash assets" shall mean money,
investments, and cash surrender or loan values of life insurance policies,
trust funds, and similar items on which a determinate amount of money can be
realized.
(2) "Personal property"
shall mean personal effects, household equipment and furnishings, home produce,
livestock, equipment, vehicles, inventory, contracts from the sale of property,
and similar items on which a determinate amount of money can be realized. This
term shall not include real property.
(b) Treatment of personal property. Personal
property, unless exempted, shall be considered a resource.
(c) Exempted personal property. The resource
value of the following classifications of personal property shall be exempt:
(1) Privately owned personal effects,
including clothing and jewelry worn by or carried on an individual;
(2) household equipment and furnishings in
use or only temporarily not in use;
(3) tools in use and necessary for the
maintenance of house or garden;
(4)
income-producing property, other than cash assets, that is essential for
employment or self-employment or that is producing income consistent with its
fair market value. Income-producing property may include tools, equipment,
machinery and livestock;
(5) the
stock and inventory of any self-employed person that are reasonable and
necessary in the production of goods or services;
(6) items for home consumption, which shall
consist of the following:
(A) Produce from a
small garden consumed from day to day and any excess that can be canned or
stored; and
(B) a small flock of
fowl or livestock that is used to meet the food requirements of the
family;
(7) one motor
vehicle, regardless of the value of the vehicle. Each additional motor vehicle
used by the applicant, the applicant's spouse, or the applicant's cohabiting
partner used for the primary purpose of earning income shall also be exempt.
Nonexempt vehicles shall be considered in the resource limit. Nonexempt
vehicles shall include any equity in any boat, personal watercraft,
recreational vehicle, recreational off-highway vehicle or all-terrain vehicle,
as defined by
K.S.A. 8-126 and
amendments thereto;
(8) cash assets
that are traceable to income exempted as income and as a cash asset;
(9) proceeds from the sale of a home if the
proceeds are conserved for the purchase of a new home and the funds so
conserved are expended or committed to be expended in the month received or in
the following month;
(10) burial
plots and funeral agreements that meet conditions established by the secretary
of the United States department of health and human services and approved by
the secretary of the department for children and families;
(11) any contract for the sale of property,
if the proceeds from the contract are considered as income;
(12) escrow accounts established for families
participating in the family self-sufficiency program through the department of
housing and urban development. Interest earned on the accounts shall also be
exempted as income;
(13) the cash
value of any life insurance policy; and
(14) learning quest and other 529 educational
savings plans.
Notes
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