Amend SB 1862 by inserting the following new SECTION,
appropriately numbered, and renumbering subsequent sections
accordingly:
SECTION . (a) Section 31.032 (d), Human Resources Code,
is amended to read as follows:
(d) In determining whether an applicant is eligible for
assistance, the department shall exclude from the applicant's
available resources:
(1) $1,000 [$2,000] for the applicant's household,
including a household in which there is [or $3,000 if there is] a
person with a disability or a person who is at least 60 years of age
[in the applicant's household]; and
(2) the fair market value of the applicant's ownership
interest in a motor vehicle, but not more than the amount determined
according to the following schedule:
(A) $4,550 on or after September 1, 1995, but
before October 1, 1995;
(B) $4,600 on or after October 1, 1995, but before
October 1, 1996;
(C) $5,000 on or after October 1, 1996, but before
October 1, 1997; and
(D) $5,000 plus or minus an amount to be
determined annually beginning October 1, 1997, to reflect changes
in the new car component of the Consumer Price Index for All Urban
Consumers published by the Bureau of Labor Statistics.
(b) Section 31.032(d), Human Resources Code, as amended by
this section, applies to a person receiving financial assistance on
or after the effective date of the Act, regardless of the date on
which eligibility for financial assistance was determined.