(Revised 10/00 ML #2629)
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The monthly benefit will be calculated by the computer using the following formula:
The cost of heating will be multiplied by the LIHEAP Share Percentage and the result will be divided by 8 to establish a monthly benefit. The monthly benefit will always be rounded off to the nearest dollar: $50.49 = $50/Mo. and $50.50 = $51/Mo. If the monthly renter benefit is less than $5.00 a month, the household will receive at least a $50.00 lump sum for the season regardless of what the payment would have been monthly. The "lump sum" is paid in one check to the renter, and the case goes automatically to a status '10', which prevents any further payments.
