Settlement payments made from the Ricky Ray Hemophilia Relief Fund, or paid as a result of a class action settlement in the case of Susan Walker v. Bayer Corporation are not to be considered resources. Enter on the Liquid Resources (FMW0) screen in FAMIS with MHABD Excl Rsn RR RICKY RAY HEMOPHILIA FUND. Any money derived from the investment of these funds may be considered income. Thus, if the payments are placed in an interest-bearing account, or some other investment medium producing income, the income generated by the account may be counted as income to the individual.
Individuals receiving settlement payments, who dispose of part or all of awarded monies in a manner that normally would be considered a transfer of property, are excluded from any transfer penalties related to these funds. Similarly, settlement payments placed in trusts, which would normally be governed by the trust provisions, are also excluded. However, any income derived from the trust may be considered income to the individual.