Section 270. Determination of countable income and liquid assets

When determining eligibility for the HIV Premium Assistance Program, the countable income and assets of each applicant shall be determined as follows:

1. Income shall include total projected applicant and spouse income for the year beginning with the month of application to the program, including but not limited to:

a. Wages;

b. Commissions and fees;

c. Salaries and tips;

d. Profit from self-employment;

e. Dividends or interest income;

f. Disability benefits;

g. Unemployment;

h. Pension or retirement.

2. Countable liquid assets shall include assets available as of the date of the application which are convertible to cash. The following liquid assets shall be counted when determining eligibility:

a. Savings accounts;

b. Checking accounts;

c. Money market certificates;

d. Certificates of deposit;

e. Mutual funds;

f. Stocks and bonds; or

g. All other liquid assets as provided in § 6.2-1100 of the Code of Virginia.

Historical Notes

Derived from Volume 13, Issue 15, eff. June 1, 1997; amended, Virginia Register Volume 32, Issue 01, eff. October 22, 2015.

Statutory Authority

§§ 32.1-325 and 32.1-330.1 of the Code of Virginia.