Ariz. Admin. Code § R6-4-321 - Assessment against Net Proceeds of Operators
A. The BEP shall set aside funds from the net
proceeds of the operation of a business facility based on a monthly assessment
schedule determined after consultation with APOC and approved by the Secretary
of the U.S. Department of Education. The currently approved monthly assessment
schedule is:
|
Net Proceeds |
Assessment Schedule |
|
First $400 |
2% |
|
$401-$500 |
$8.00 plus 5% |
|
$501-$600 |
$13.00 plus 10% |
|
$601-$700 |
$23.00 plus 15% |
|
$701 and over |
$38.00 plus 20% |
B.
The funds set aside from the operator's monthly assessment shall be used only
for the purposes stated in
34 CFR
395.9(b) (July 1, 1988),
incorporated by reference and on file with the Office of the Secretary of
State.
Notes
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