<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.saad73c38-5c38-4259-b3d8-caa99031f0a4P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.saad73c38-5c38-4259-b3d8-caa99031f0a4C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.saad73c38-5c38-4259-b3d8-caa99031f0a4000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="saad73c38-5c38-4259-b3d8-caa99031f0a4P0"><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=67:12:05:08"><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000000">67:12:05:08</span></a><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000001">.  Savings bond considered liquid asset.</span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> A savings bond is </span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">included as </span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">a liquid </span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">resource when applying the resource limit in </span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">§ </span><a href="https://sdlegislature.gov/Rules?Rule=67:12:05:05"><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002">67:12:05:</span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002">05</span></a><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> to the extent of its current value. Unless the applicant or recipient produces clear and convincing evidence to the contrary, a </span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">savings </span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">bond </span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">co-owned</span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> with another </span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">individual is</span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> considered </span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">a liquid resource of</span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> the applicant or recipient</span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">,</span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> when </span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">applying the resource limit in </span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">§ </span><a href="https://sdlegislature.gov/Rules?Rule=67:12:05:05"><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002">67:12:05:</span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002">05</span></a><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">, if </span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">the applicant or recipient is the actual purchaser or has the power to cash the bond.</span></p><p dir="ltr" class="saad73c38-5c38-4259-b3d8-caa99031f0a4P0"><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4000003"> </span></p><p dir="ltr" class="saad73c38-5c38-4259-b3d8-caa99031f0a4P0"><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">    </span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000001">Source:</span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> SL 1975, ch 16, § 1; 7 SDR 66, 7 SDR 89, effective July 1, 1981; 12 SDR 112, effective January 16, 1986</span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">; 52 SDR 55, effective December 2, 2025</span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">.</span></p><p dir="ltr" class="saad73c38-5c38-4259-b3d8-caa99031f0a4P0"><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">    </span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000001">General Authority:</span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=28-6-1"><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002">28-</span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002">6-1</span></a><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">.</span></p><p dir="ltr" class="saad73c38-5c38-4259-b3d8-caa99031f0a4P0"><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">    </span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000001">Law Implemented:</span><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=28-6-1"><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002">28-</span><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0-000002">6-1</span></a><span class="saad73c38-5c38-4259-b3d8-caa99031f0a4C0">.</span></p><p dir="ltr" class="saad73c38-5c38-4259-b3d8-caa99031f0a4P0"><span xml:space="preserve" class="saad73c38-5c38-4259-b3d8-caa99031f0a4000003"> </span></p></div></body></html>