Nev. Admin. Code § 424.265 - Financial responsibility

1. The licensing authority shall ensure that a foster home is financially solvent. A foster home must, as a condition of licensure:

(a) Demonstrate that it has adequate financial resources to provide basic necessities for all persons residing in the home before a child is placed in the foster home;

(b) Demonstrate the ability to meet all of its financial obligations regardless of whether the foster home receives payments for providing foster care;

(c) Agree to account for all money expended for clothing and incidental expenses for each child who is placed in the foster home;

(d) Unless the foster home is operated as a public program, provide financial records to the licensing authority which demonstrate ongoing financial solvency, upon the request of the licensing authority; and

(e) Disclose whether the foster home has been the subject of bankruptcy proceedings.

2. The licensing authority shall keep confidential any financial records or information provided by a foster home pursuant to this section.

Notes

Nev. Admin. Code § 424.265

Welfare Div., Req. for Foster Care § 104.4, 10-7-88, eff. 1-1-89; A by R110-13, eff. 6/23/2014

NRS 424.020