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

Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗

Rulemaking activity

Article 67:12 Assistance PaymentsEffective
Assistance Payments - Article 67:12Effective

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.

Source: 20 SDR 196, effective May 23, 1994; 52 SDR 55, effective December 2, 2025.

General Authority

SDCL 28-6-1 ↗
Amended by HB1239 (2020) — require the costs of nursing homes to be rebased every five years for purposes o
Amended by HB1229 (2019) — require optional services through Medicaid to be authorized through special appr
Amended by SB30 (2019) — remove certain unnecessary federal references and dates from certain provisions

Law Implemented

SDCL 28-6-1 ↗
Amended by HB1239 (2020) — require the costs of nursing homes to be rebased every five years for purposes o
Amended by HB1229 (2019) — require optional services through Medicaid to be authorized through special appr
Amended by SB30 (2019) — remove certain unnecessary federal references and dates from certain provisions

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