NORTH DAKOTA DEPARTMENT OF HUMAN SERVICES
BISMARCK, NORTH DAKOTA
March 22, 2005

IM #4962

TO:		County Social Service Directors
Economic Assistance Policy Regional Representatives
Economic Assistance Policy Quality Control Reviewers

FROM:	Blaine Nordwall, Director, Economic Assistance Policy

SUBJECT:	430-05-50-20-10 – Unearned Income - Exclusion of Dividend and Interest Income

PROGRAMS:	Food Stamps

RETENTION: 	Until Manualized

Effective for the benefit month of May 2005, dividend and interest income that is either accrued or paid out on liquid assets is excluded.  This policy is effective for all new applications received on or after May 1, 2005 and all ongoing cases April 1, 2005 for the benefit month of May 2005.  

A report will be sent out the first week in April, identifying all ongoing cases that have a UI DI (Unearned Income – Dividend and Interest Income) code in TECS for the benefit month of April.  The report will list the case number, case name and the income amount.  This report can be used to identify cases that have interest and dividend income that will now be excluded.  If the dividend or interest income is either accrued or paid out from a liquid asset, the UI DI and income amount can be removed from the case.  

If you have any question, please contact your regional representative.