Or. Admin. R. 461-150-0070 - Prospective Budgeting of Stable Income
(1)Stable
income
(see OAR 461-001-0000) in prospective
budgeting (see OAR
461-001-0000) and
eligibility (see OAR
461-001-0000) is treated so that
the monthly amount is used to anticipate the income of the financial
group (see OAR
461-110-0530). The amount of
stable income for each month is determined as follows:
(a) If paid once per month, that amount is
used.
(b) If paid twice per month
or semi-monthly, that amount is converted to a monthly amount by multiplying it
by two.
(c) If paid once every
other week or biweekly, that amount is converted to a monthly amount by
multiplying it by 2.15.
(d) If paid
once per week, that amount is converted to a monthly amount by multiplying it
by 4.3.
(2) In the OSIP,
OSIPM, and QMB programs:
(a) In the
initial month and for any months of retroactive eligibility
(see OAR 461-135-0875):
(A) When a new source of stable
income begins in the initial month or retroactive
months, the amount counted is the actual amount received or the amount expected
to be received.
(B) Except as
provided for in paragraph (A) of this subsection, stable
income is converted and averaged in accordance with section (1) of
this rule.
(b) In each
ongoing month (see OAR
461-001-0000), stable
income is converted and averaged in accordance with section (1) of
this rule.
(3) In the
SNAP program, stable income the client expects to receive less
often than monthly is treated as periodic income (see OAR
461-001-0000) under OAR
461-140-0110.
Notes
Statutory/Other Authority: 411.060, 411.404, 411.816, 412.049, ORS 409.050, 412.014, 413.085 & 414.685
Statutes/Other Implemented: 411.060, 411.404, 411.816, 412.049, ORS 409.010 & 412.014
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