MN HF3071

Creates exemption from real and personal property asset limitations for persons who lost employment since October 20, 2008, and exhausted or are ineligible for federal-state extended unemployment compensation, federal emergency unemployment compensation, trade readjustment allowance, or other federal unemployment benefits.

Exemption applies only to individuals who meet all other eligibility criteria for general assistance under Minnesota Statutes sections 256D.01 to 256D.21 and is effective July 1, 2010.

Amends property ownership provisions to clarify how county agencies must evaluate equity value of jointly-owned property, including assumptions of equal shares unless documentation shows otherwise.

Requires applicants and participants to disclose transfers of real or personal property valued in excess of limits within one year prior to application, with documentation of property description, equity value, recipients, and circumstances of transfer.

Allows participants to build equity value of real and personal property up to the statutory limits in subdivisions 2 and 3.