Section 75-03-36-08 - [Repealed effective 4/1/2024] Financial structure1. For purposes of initial licensure, the child-placing agency shall demonstrate that it has sufficient predictable income to operate its program of services and, upon relicensure, shall demonstrate ongoing financial stability. 2. The child-placing agency shall prepare an annual budget based on the assessment of agency program priorities and a realistic appraisal of anticipated funding, including reimbursement for services. The child-placing agency shall submit a copy of its budget to the department with a cost breakdown of budget items utilized to determine fees for services. 3. If the child-placing agency increases fees for adoption services, the agency shall submit a copy of the cost analysis to the department to justify the increase. 4. The child-placing agency shall maintain a bonding program as protection for its governing body, staff, clients, funds, and property. The child-placing agency shall review the insurance program annually to assure adequate agency coverage. N.D. Admin Code 75-03-36-08
Repealed by Administrative Rules Supplement 2024-392, April 2024, effective 4/1/2024.General Authority: NDCC 50-12-05
Law Implemented: NDCC 50-12