A nursing home, except for veterans homes under Minnesota Statutes, section 198.265, must deposit a resident's personal funds in excess of $100 in an interest bearing account (or accounts) that is separate from any of the nursing home's operating accounts, and that credits all interest earned on the resident's account to the resident's account. Pooled accounts must separately account for each resident's share.
Minn. R. agency 144, ch. 4658, RESIDENT PERSONAL FUNDS ACCOUNT, pt. 4658.0265
Statutory Authority: MS s 144A.04; 144A.08