(a) HHSC considers the value of a vehicle to be its fair market value.
(b) HHSC exempts the value of the highest valued countable vehicle from countable resources.
(c) HHSC exempts the value of a vehicle from countable resources, if:
  (1) it is income producing;
  (2) it is used for a disabled household member;
  (3) its equity value is equal to or less than $1,500;
  (4) it is used for long distance travel for employment;
  (5) it is used as the applicant or recipient's home; or
  (6) it is necessary to carry fuel or water anticipated to be the primary source of fuel or water for the applicant or recipient during the certification period.
(d) HHSC exempts for each adult member of the household composition up to $4,650 of the value of any vehicle not exempt under subsection (b) of this section. HHSC exempts any other licensed vehicle a minor (under 18 years of age) drives to work, training, school, or to seek employment if the fair market value (FMV) is less than $4,650. HHSC counts the FMV in excess of $4,650 as a resource.

Source Note: The provisions of this §366.845 adopted to be effective June 1, 2014, 39 TexReg 3981