{"data":{"id":"us-nm/27-2b-8","jurisdiction":"us-nm","citation":"27-2B-8","heading":"Resources.","body":"A. Liquid and nonliquid resources owned by the benefit group shall be counted in the eligibility determination.\nB. A benefit group may at a maximum own the following resources:\n(1) two thousand dollars ($2,000) in nonliquid resources;\n(2) one thousand five hundred dollars ($1,500) in liquid resources, excluding funds deposited in an individual development account established pursuant to the Individual Development Account Act or a qualified tuition program, as defined in Section 529 of the Internal Revenue Code of 1986;\n(3) the value of the principal residence of the participant;\n(4) the value of burial plots and funeral contracts for family members; and\n(5) the value of work-related equipment up to one thousand dollars ($1,000).\nC. Vehicles owned by the benefit group shall not be considered in the determination of resources attributed to the benefit group.","path":["Chapter 27 - Public Assistance","ARTICLE 2B New Mexico Works Act"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18527/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"4aefedddfd9cb5b7b2261d41f9d64a911303af832f6d87fd10fe52d5432c262d","source_id":"us-nm","stale":false,"prev":"us-nm/27-2b-7.1","next":"us-nm/27-2b-9"},"notice":"GroundRules: Original legal text. Not legal advice."}