ARSD 67:12:05:77. Exclusion of savings account owned by dependent child

One or more savings accounts with a cumulative balance of one thousand dollars or less is excluded as a liquid asset if: (1) The assistance unit is assigned to the 1115 waiver group under the provisions of § 67:12:01:73; (2) The excluded account is owned solely by the dependent child or the child owns the savings account jointly with the caretaker or another adult relative; (3) The child is at least a part-time student; (4) The child is employed at least part-time or has been employed at least part-time in the preceding twelve months; and (5) A portion of the account is derived from the child's earnings.