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PB Home  Back to OMM/OCFS/OTDA Materials: ADMs issued by OTDA    
Attached Document:
03_adm-10.pdf


OMM/OCFS/OTDA Materials: ADMs issued by OTDA

03 ADM 10: TA Policy Changes: Lump Sum Set Asides And Resource Two-Year College Fund Exemption
I. Purpose
The purpose of this directive is to advise districts of the Temporary Assistance (TA) impact of two changes in State law. These are:
•a new provision under lump sum policy that allows for TA recipients to retain without impacting eligibility, set asides from lump sums under certain circumstances; and
•a new resource exemption from the TA resource limit for a separate and distinct bank account of up to $1,400 when established by an individual while currently in receipt of assistance for the sole purpose of paying tuition at a two-year accredited post-secondary educational institution, so long as the funds are not used for any other purpose.
 

 

Created: 9/30/2004
Updated: 11/23/2004