NAC439.774. Calculation of household income; eligibility for subsidy if maximum household income exceeded.

     1. For the purposes of determining whether an applicant satisfies the eligibility requirement set forth in NRS 439.745 regarding household income, the Department:

     (a) Will calculate the monthly household income for the month in which an application is filed with the Department pursuant to NAC 439.771 and multiply that number by 12; or

     (b) May, if the household income fluctuates from month to month:

          (1) Add the monthly household income over a period of at least 2 months;

          (2) Divide the sum calculated pursuant to subparagraph (1) by the number of months within the period described in subparagraph (1); and

          (3) Multiply the quotient calculated pursuant to subparagraph (2) by 12.

     2. Except as otherwise provided in subsection 8 of NAC 439.771, an applicant is not eligible for a subsidy if the household income of the applicant for the year in which the applicant submits his or her application exceeds the maximum household income set forth in NRS 439.745.

     3. For the purposes of subsection 2, the year in which the applicant submits the application:

     (a) Is not tied to the calendar year or fiscal year; and

     (b) Begins with the month that the application is submitted and carries forward through the succeeding 12 months.

     (Added to NAC by Dep’t of Health & Human Services by R157-05, eff. 11-17-2005)