Section 1120. Reconciliation

Latest version.

At the end of the first prospective budget period and any subsequent prospective budget period, or if earlier when any significant change occurs, the agency must reconcile any projected amounts with the actual amounts incurred, or with changes in circumstances to determine if the adjusted deduction of incurred expenses reduces countable income to the income standard.

Historical Notes

Derived from VR460-10-8.2600 § 11, eff. April 30, 1995.

Statutory Authority

§ 32.1-325 of the Code of Virginia.

                    
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