2009 New Mexico Statutes
Chapter 27 - Public Assistance.
Article 2D - Education Works
Section 27-2D-6 - Resources.

27-2D-6. Resources.

A.     Liquid and nonliquid resources owned by the benefit group shall be counted in the eligibility determination.

B.     A benefit group may at a maximum own the following resources:

(1)     two thousand dollars ($2,000) in nonliquid resources;

(2)      one thousand five hundred dollars ($1,500) in liquid resources;

(3)     the value of the principal residence of the participant;

(4)     the value of burial plots and funeral contracts for family members;

(5)     individual development accounts; and

(6)     the value of work-related equipment up to one thousand dollars ($1,000).

C.     Vehicles owned by the benefit group shall not be considered in the determination of resources attributed to the benefit group.