8 AAC 98.440 - Income and set-aside fund
(a) Except as
provided in (b) of this section the monthly net profit of a vending facility is
a licensee's monthly income under the vending facility program.
(b) The division will augment the income of a
licensee up to the state minimum wage when the licensee's income is below the
state minimum wage and
(1) the licensee has
been licensed six months or less; or
(2) the vending facility has been in
operation for six months or less.
(c) If a majority of licensees approves, the
division will establish a set-aside fund from the net profits of the licensees'
vending facilities to provide assistance under
8
AAC 98.430(d) (1) - (6) when revenues
from 8 AAC 98.430(a)
are insufficient.
(d) If the
division establishes a set-aside fund, it will state in writing the assessment
for each vending facility and, in the case of vending facilities on federal
property, will submit the set-aside plan to the commissioner of rehabilitation
services for his review and approval as required by
34 C.F.R.
395.3(a)(11)(IV).
(e) Set-aside profits from vending facilities
on federal property will be accounted for separately from those derived from
vending facilities on state property, and will be expended in accordance with
8
AAC 98.430(d) (1) - (5) to assist
only licensees on federal property.
Notes
Authority:AS 23.15.020(c)
AS 23.15.100(b)
AS 23.15.120
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