256J.65 The self-employment investment demonstration program (SEID).
(a) A caregiver who enrolls and participates in the SEID program as specified in section 268.95, may, at county option, be exempted from other employment and training participation requirements for a period of up to 24 months, except for the school attendance requirements as specified in section 256J.54.
(b) The following income and resource considerations apply to SEID participants:
(1) an unencumbered cash reserve fund, composed of proceeds from a SEID business, is not counted against the grant if those funds are reinvested in the business and the value of the business does not exceed $3,000. The value of the business is determined by deducting outstanding encumbrances from retained business profit; and
(2) the purchase of capital equipment and durable goods of an amount up to $3,000 during a 24-month project period is allowed as a business expense.
(c) SEID participants with a county-approved employment plan are also eligible for employment and training services, including child care and transportation.
HIST: 1997 c 85 art 1 s 52
Official Publication of the State of Minnesota
Revisor of Statutes