South Carolina Statutes
§ 43-5-1205 — Interest income and dividends to be excluded.
In order to assist AFDC families in gaining financial independence and in building for the future, the Department of Social Services shall apply to the federal government for a waiver allowing the State to exclude interest income and dividends up to four hundred dollars in determining eligibility and payment amounts for Aid to Families with Dependent Children.
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Legislative History
HISTORY: 1995 Act No. 102, Part IV, SECTION 6, approved June 12, 1995 and takes effect ninety days after receipt of approval of a federal waiver authorizing the department to implement these provisions or ninety days after federal law permits implementation.
Nearby Sections
15
§ 43-5-1105
State welfare policy.§ 43-5-1110
Definitions.§ 43-5-1155
Entrepreneurial development.§ 43-5-1160
Relocation assistance.§ 43-5-1165
Teen parent independence initiative.§ 43-5-1170
Time limited welfare and exceptions.