FROM: KIM EVANS, DIRECTOR
SUBJECT: REVISION OF THE LOOK BACK PERIOD FOR TRANSFERS OF PROPERTY OCCURING ON OR AFTER FEBRUARY 8, 2006
MANUAL REVISION #
DISCUSSION:
The purpose of this memorandum is to inform staff of manual revisions to Section 1040.010.00 and 1040.015.25 of the December 1973 Eligibility Requirements.
Revisions have been made to update the look back period as reflected in Section 6011 of the Deficit Reduction Act (DRA) of 2005. All transfers of property after February 8, 2006, will be subject to a look back period of 60 months.
NECESSARY ACTION:
- Review this memorandum with appropriate staff.
KE/mc