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.
Cal. Welf. & Inst. Code § 11154
Property Qualifications
Applied in 1 court decision — leading case 32 Cal. App. 3d 928 - Wheat v. Hall (1973)
Most recently applied in 32 Cal. App. 3d 928 - Wheat v. Hall (June 1973)
Added by Stats. 1965, Ch. 1784.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.