Program Operations Manual System (POMS)
TN 33 (02-92)
SI 01110.300 Determining the Liquidity/Nonliquidity of Resources
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Liquid resources are any resources in the form of cash or in any other form which can be converted to cash within 20 workdays.
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Nonliquid resources are any resources which are not in the form of cash and which cannot be converted to cash within 20 workdays.
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Workdays are any days other than Saturdays, Sundays, and Federal holidays.
2. Significance of Liquid/Nonliquid Distinction
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a.
Liquid resources do not qualify for exclusion as property essential to self-support
unless they represent necessary assets of a trade or business. See SI 01130.500 B.3.
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b.
An individual who is ineligible solely because of excess resources cannot qualify
for conditional benefits unless countable liquid resources are within a certain limit.
See SI 01150.200 B.1.a.
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c.
Liquidity/nonliquidity has no effect on a resource's countability.