California Welfare and Institutions Code 11154 – The applicant or recipient may retain as a reserve for future …
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The applicant or recipient may retain as a reserve for future contingencies any combination of personal or real property not to exceed a total value of one thousand two hundred dollars ($1,200), or, in case of a married couple both receiving public assistance, two thousand dollars ($2,000). Any real property held as such reserve shall be valued at its net appraised market value.
(Added by Stats. 1965, Ch. 1784.)
Terms Used In California Welfare and Institutions Code 11154
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.