Page:United States Statutes at Large Volume 100 Part 2.djvu/366

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PUBLIC LAW 99-000—MMMM. DD, 1986

100 STAT. 1468

PUBLIC LAW 99-498—OCT. 17, 1986 medical insurance premiums, exceeds 5 percent of the total income of the family. "(7) EDUCATIONAL EXPENSE ALLOWANCE.—The educational expense allowance is equal to the unreimbursed tuition and fees ^ paid by the student or the student's spouse, or both, for each dependent child, enrolled in elementary or secondary school, not to exceed for each such child the national average per pupil instructional cost sis published by the National Center for Educational Statistics using the most recent available data. "(c) FAMILY'S INCOME SUPPLEMENTAL AMOUNT FROM ASSETS.—

29 USC 1651.

"(1) IN GENERAL.—The family's income supplemental amount from assets is equal to— "(A) the family net worth (determined in accordance with paragraph (2)); minus '^ "(B) the asset protection allowance (determined in accord.^ _ ance with paragraph (3)); multiplied by iff "(C) the asset conversion rate (determined in accordance

with paragraph (4)). ^ "(2) FAMILY NET WORTH.—The family net worth is calculated [^. by adding— "(A) the current balance of checking and savings accounts and cash on hand; "(B) the net value of investments and real estate, including the net value in the principal place of residence except in the case of a dislocated worker (certified in accordance with title III of the Job Training Partnership Act) or a dislocated homemaker (as defined in section 480(e) of this . Act); and "(C) the adjusted net worth of a business or farm, computed on the basis of the net worth of such business or farm (hereafter referred to as 'NW'), determined in accordance with the following table (or a successor table prescribed by •;)Eithe Secretary under section 479): "Adjusted Net Worth of a Business or Farm If the net worth o^^business or farm Less than $1 $l-$65,000 $65,001-3195,000 $195,001-$325,000 $325,001 or more

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$0 , ,.5 40 percent of NW

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$26,000 plus 50 percent of NW over $65,000 $91,000 plus 60 percent of NW over $195,000 $169,000 plus 100 percent of NW over $325,000

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"(3) ASSET PROTECTION ALLOWANCE.—The asset protection ^^ allowance is calculated according to the following table:

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