Iowa Admin. Code r. 17-6.15

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 17-6.15 - Entrepreneurial activities of AAA

An AAA considering entrepreneurial activities must carefully examine the activity to ensure compatibility with its designation as an AAA. The following shall apply to all AAA, unless otherwise prohibited by statute, rule or order:

(1)Demonstrated need -use of funds. An AAA may engage in entrepreneurial activities if the activity is in response to a demonstrated need and the funds raised by such activities are used for one of the following purposes:

a. To further extend services and opportunities for older individuals; or

b. To fund new services and opportunities for older individuals provided that these services or opportunities are compatible with the AAA functions and goals.

(2)Restrictions. The following restrictions shall apply to an AAA's engagement in entrepreneurial activities:

a. Entrepreneurial activities shall not be undertaken until they have been reviewed by the advisory council and approved by the AAA governing board.

b. An AAA that engages in entrepreneurial activities shall not create the impression that the activity is being carried on under governmental authority.

c. Funds received as a result of entrepreneurial activities shall be monitored and accounted for according to generally accepted accounting and auditing practices commensurate with the activities.

d. Entrepreneurial activities shall be pursued only if the duties and responsibilities required of AAA in this chapter are consistently provided by the AAA in a capable manner.

e. Entrepreneurial activities pursued by an AAA and groups or organizations funded by an AAA shall not have, nor present the appearance of, a conflict of interest.

f. Entrepreneurial activities shall not utilize funds received from the department for direct costs.

Iowa Admin. Code r. 17-6.15

ARC 8489B, IAB 1/27/10, effective 1/7/10; ARC 0744C, IAB 5/15/2013, effective 6/19/2013