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SR 98-51 Dated 12/98 |
Previous Policy |
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Once the assistance group has been found eligible, and the net income has been subtracted from the payment standard, if the amount:
• of the grant ends in $.01–$.99, round down to the nearest dollar;
• ends in zero cents, the result is the actual monthly grant.
1. If the actual monthly grant amount before adjustments are applied is less than $10.00, no payment is made.
2. If the actual monthly grant amount is equal to $10 or more, and the payment amount after adjustments is greater than $0.00 the actual payment amount will be issued to the recipient.
Example
An applicant’s net monthly income is $300.75, compared with a $550 payment standard.
$550 (payment standard) – $300.75 (net income) = $249.25 monthly grant before rounding.
Round the monthly grant down to $249.00.