SB306

Senate Bill 306 amends Arkansas law regarding asset limits for the Supplemental Nutrition Assistance Program (SNAP). It directs the Arkansas Department of Human Services to request a federal waiver to exempt SNAP enrollees from standard federal resource limits. Upon obtaining such a waiver, the bill establishes a temporary asset limit of $5,500 for households that exceed standard federal resource limits. This temporary limit is eligible to be granted to a household no more than once every five years. The bill also authorizes the Department to seek future federal waivers to adjust these asset limits based on inflation or changes to federal standards. The legislation aims to provide a temporary bridge for households with countable assets that would otherwise disqualify them from food assistance.