South Carolina Code 43-5-1205. Interest income and dividends to be excluded
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 43-5-1205
- AFDC: means cash payments or stipends paid to individuals who meet established eligibility criteria. See South Carolina Code 43-5-1110
- Department: means the South Carolina State Department of Social Services. See South Carolina Code 43-5-1110
- Dependent: A person dependent for support upon another.
In order to assist AFDC families in gaining financial independence and in building for the future, the Department of Social Services shall apply to the federal government for a waiver allowing the State to exclude interest income and dividends up to four hundred dollars in determining eligibility and payment amounts for Aid to Families with Dependent Children.