D.C. Mun. Regs. tit. 29, r. 29-203
Current through Register 71, No. 45, November 7, 2024
Rule 29-203 - SETTING ASIDE OF FUNDS203.1The Program shall be supported principally through the use of set-aside funds.
203.2 The licensing agency may enter into a servicing agreement with a nominee organization for overall managerial services.203.3 If the licensing agency enters into a servicing agreement with a nominee organization, the budget for the nominee organization shall be funded completely by funds set aside from the net proceeds from the operation of vending facilities.203.4Licensing agency funding shall provide for activities not assignable under a servicing agreement, in addition to the training of prospective vendors and the monitoring of the servicing agreement.
203.5 The licensing agency shall establish in writing the extent to which funds are to be set aside from the net proceeds of the operation of vending facilities and from vending income under 34 C.F.R. § 395.8(c), in an amount determined by the Secretary of Education to be reasonable.203.6 Set-aside funds shall be spent only for the following purposes: (a) Maintenance and replacement of equipment;(b) Purchase of new equipment;(c) Management services; and(d) Guarantee of a fair minimum return.(e) The establishment and maintenance of retirement or pension funds, health insurance contributions, and provision for paid sick leave and vacation time, if it is so determined by a majority vote of blind vendors licensed by the licensing agency, after such agency provides to each such vendor information on all matters relevant to such proposed purposes.203.7 The licensing agency shall set out the method of determining the charge for each of the purposes listed in subsection 203.6 of this section, which will be determined with the active participation of the Blind Vendors Committee and which will be designed to prevent, so far as is practicable, a greater charge for any purpose than is reasonably required for that purpose. The licensing agency shall maintain adequate records to support the reasonableness of the charges for each of the purposes listed in this section, including any reserves necessary to assure that such purposes can be achieved on a consistent basis.203.9Each vendor shall be provided with a monthly profit and loss statement reflecting the business of the individual facility.
D.C. Mun. Regs. tit. 29, r. 29-203
DCRR Title 6C, as amended by Final Rulemaking published at 27 DCR 4611 (October 17, 1980); as amended by Final Rulemaking published at 61 DCR 8741 (August 22, 2014)