ARSD 67:12:05:08. Savings bond considered liquid asset

A savings bond is included as a liquid resource when applying the resource limit in § 67:12:05:05 to the extent of its current value. Unless the applicant or recipient produces clear and convincing evidence to the contrary, a savings bond co-owned with another individual is considered a liquid resource of the applicant or recipient, when applying the resource limit in § 67:12:05:05, if the applicant or recipient is the actual purchaser or has the power to cash the bond.