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1965 Minnesota Attorney General Reports and Opinions 1 (1965)

handle is hein.sag/sagmn0080 and id is 1 raw text is: OPINION OF ATTORNEY GENERAL COPY BY SECURITY BLANK BOOK AND PRINTING CO. WELFARE - Medical Assistance for the Aged (MoAoAo) Liquid Asset, as used in Lo 19639 C0 595, 5 (256A.05)9 is an asset that is capable of being reduced to cash or assigned or transferred by an applicant to meet his medical needs. January 18, 1965 521B-3 Big Stone County Attorney In your letter of January 119 1965, to Attorney General Robert W. Mattson, you state the following FACTS An applicant for medical aid to the aged, otherwise eligible for such assistance, is the holder of a promissory note, payable to the applicant, in excess of the allowable assets for consideration under the programo The note in question is long overdue, and the maka thereof is not in a position to pay off the face value of the note. However, monthly payments on the note, in the amount of $50 per month, have been made. There is no way that the applicant can enforce collection of the entire face value of the note, which is approximately $29000. You ask the following QUESTION Under the above fact situation, is the demand note9 over 20 years old, to be considered monthly income due the applicant9 rather than a liquid asset which would disqualify him for assistance under the program? OPINION Laws 1963, Chapter 595 5 (256Aoo5) in part provides: Seco 5. (256Ao05) ELIGIBILITY0 Medical assistance to the aged may be paid to any person who* (d) if single9 does not have more than $750 in cash or other liquid assets or9 if married, he and his spouse together do not have more than $1,000 in cash or other liquid assets; (e) if single9 has gross income not exceeding $1,800 annually or, if married, he and his spouse together have gross income not exceeding $2,400 annually; O

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