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4.stocks; and
5.bonds.

AUTHORITY NOTE:Promulgated in accordance with F.R. 7:55463 et seq. and 47:55903 et seq., 7 CFR 273.8, P.L. 103-66, P.L. 104-193, P.L. 106-387, P.L. 110-246.

HISTORICAL NOTE:Promulgated by the Department of Health and Human Resources, Office of Family Security, LR 9:131 (March 1983), amended by the Department of Social Services, Office of Family Support, LR 21:187 (February 1995), LR 23:82 (January 1997), LR 27:867 (June 2001), LR 34:

§1949.Exclusions from Resources

A. - A.6....

7.retirement accounts.
8.educational savings accounts.

B....

AUTHORITY NOTE:Promulgated in accordance with F.R. 52:26937 et seq., 7 CFR 273.8 and 273.9C(v), P.L. 103-66, P.L. 106-387, 45 CFR 263.20, and P.L. 107-171, P.L. 110-246.

HISTORICAL NOTE:Promulgated by the Department of Health and Human Resources, Office of Family Security, LR 13:657 (November 1987), amended by the Department of Social Services, Office of Family Support, LR 18:1267 (November 1992), LR 21:187 (February 1995), LR 27:867 (June 2001), LR 27:1934 (November 2001), LR 28:1031 (May 2002), LR 29:606 (April 2003), LR 32:646 (April 2006), LR 34:

Subchapter I.Income and Deductions

§1957.Income Eligibility and Benefit Level

A. - B....

C.All eligible one and two-person households shall receive a minimum monthly allotment of 8% of the Thrifty Food Plan for one person except when proration of initial month's benefits occurs. All eligible households whose benefits are prorated to $1, $3, or $5, and eligible households with three or more members which are entitled to $1, $3, and $5, allotments shall receive allotments of $2, $4, and $6, respectively to correspond with current coupon denominations. For those eligible households with three or more members, which are entitled to no benefits, the eligibility worker shall deny the household's participation, on the grounds that its net income exceeds the level below which benefits are issued.

D....

AUTHORITY NOTE:Promulgated in accordance with F.R. 46:44712 et seq., 7 CFR 273.9, P.L. 110-246.

HISTORICAL NOTE:Promulgated by the Department of Health and Human Resources, Office of Family Security, LR 8:10 (January 1982), LR 34:

§1983.Income Deductions and Resource Limits

A. - A.2....

3.The dependent care deduction is the amount billed to a member of the household for the cost of caring for a child or an incapacitated adult who lives in the home.
a.A child care expense that is paid for or reimbursed by the STEP Program or the Child Care Assistance Program is not deductible except for that portion of the cost which exceeds the payment or reimbursement.

B....

AUTHORITY NOTE:Promulgated in accordance with 7 CFR 273.9 (d)(2) and (d)(6), P.L. 104-193, P.L. 106-387 and P.L. 107-171; Act 58, 2003 Reg. Session, P.L. 110-246.

HISTORICAL NOTE:Promulgated by the Department of Health and Human Resources, Office of Family Security, LR 12:423 (July 1986), amended LR 13:181 (March 1987), LR 15:14 (January 1989), amended by the Department of Social Services, Office of Family Support, LR 19:905 (July 1993), LR 21:188

(February 1995), LR 23:82 (January 1997), LR 27:867 (June 2001), LR 27:1934 (November 2001), LR 29:607 (April 2003), LR 30:495 (March 2004), LR 34:

Kristy H. Nichols

Interim Secretary

0810#029

DECLARATION OF EMERGENCY

Department of Treasury

Louisiana Housing Finance Agency

Grants for Grads Program and Fund (LAC 16:II.Chapter 7)

Louisiana Housing Finance Agency is exercising the emergency provisions of the Administrative Procedure Act [R.S. 49:953.B.(2)] to create its rules pertaining to the Louisiana Grants for Grads Program and Fund; and through the authority granted in Subpart P of Part II-A of Chapter 1 of Subtitle I of Title 39 of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 39:100.71 through 100.75 relative to state grants; to establish the Grants for Grads Program; to provide for the administration and operation of the program through the Louisiana Housing Finance Agency (LHFA); to provide for the deposit, use, transfer and investment of the monies in the fund; to provide for the making of grants to certain homebuyers; to provide for eligibility and participation in the program.

The Emergency Rule implements Act 702 of the 2008 Regular Session of the Louisiana Legislature. This Act (1) creates the Grants for Graduate Program; (2) allows eligible graduates of institutions of higher education to register for and participate in the Grants for Graduates Program; (3) allows eligible registered graduates to receive a grant award to assist in the purchase of their first home.

The Emergency Rule is necessary to create/implement the Grants for Graduates program to allow for the Louisiana Housing Finance Agency to effectively administer this program. A delay in promulgating rules would have an adverse impact on the financial welfare of eligible graduates and the financial condition of their families. The LHFA has determined that theses emergency rules are necessary in order to prevent imminent financial peril to the welfare of affected graduates.

This Declaration of Emergency is effective October 1, 2008 and shall remain in effect the maximum period allowed und the Administrative Procedure Act.

Title 16

COMMUNITY AFFAIRS

Part II.  Housing Programs

Chapter 7.Grants for Grads Program and Grants for Grads Fund

§701.General

A.The Grants for Grads Program and Fund is being established in recognition that many Louisiana’s residents relocate from Louisiana upon completion of their college careers due to a perceived lack of economic opportunity. Homeownership reflects a commitment to remain in Louisiana and to continue the tradition and culture of the state.

Louisiana Register   Vol. 34, No. 10   October 20, 2008

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