1. (a) The Director of the Division of Workforce Services shall determine or approve the cash value of any payment in kind considered as payment for service performed by an individual which is in addition to, or in lieu of, money or wages, and such values shall be reported as wages.

2. (b) A money value for payment in kind furnished to a worker agreed upon by the worker and his or her employing unit shall be deemed the cash value of such payment in kind unless:

   1. (1) It is less than rates specially determined by the director; or
   2. (2) In the case of board and lodging, less than the rates prescribed in subsection (c) of this section, below.

3. (c) Board and/or lodging furnished an individual in addition to, or in lieu of, money or wages, shall be:

   1. (1) Reported as wages; and
   2. (2) Deemed to have not less than the following values: Full board and room weekly ............................................... forty dollars ($40.00) Meals per week .................................twenty-two dollars and fifty cents ($22.50) Meals per day .................................. three dollars and seventy-five cents ($3.75) Each meal .......................................................... one dollar and fifty cents ($1.50) Lodging per week .......................................................twenty-one dollars ($21.00) Lodging per day ..............................................three dollars and fifty cents ($3.50)
4. (d) Notwithstanding the provisions of subsection (c) of this section, above, if the cost of meals furnished an individual in addition to, or in lieu of, money or wages exceeds the amounts set forth in subsection (c) of this section, the employer may value meals so provided on the basis of their cost to the employer.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "Rule No. 2" "The following Rule is hereby promulgated and adopted by the Director, Arkansas Department of Workforce Services, pursuant to Arkansas Code 11-10-215:" "This amended Rule shall take effect and be in full force on and after July 1, 1987."