§ 408.1201 - What are State recognition payments?

§ 408.1201 What are State recognition payments?

(a) State recognition payments; defined. State recognition payments are any payments made by a State or one of its political subdivisions to an individual who is entitled to SVB, if the payments are made:

(1) As a supplement to monthly SVB payments; and

(2) Regularly, on a periodic recurring, or routine basis of at least once a quarter; and

(3) In cash, which may be actual currency, or any negotiable instrument convertible into cash upon demand.

(b) State; defined. For purposes of this subpart, State means a State of the United States or the District of Columbia.