1. 1. The licensee shall have a written policy governing allowances, accounting records for the money of each child, disbursements of the money of each child, and purchases made by the child applicable to the licensee’s program.
2. 2. The licensee shall treat a child’s money as that child’s personal property.

3. 3. The licensee may limit the amount of money to which a child may have access when the limitations are:

   1. a. In the child’s best interest and explained in the child’s service plan; and
   2. b. In accordance with the facility’s program description.

The licensee shall provide opportunities for a child in care to develop a sense of the value of money. This may include allowances, earnings, spending, giving, or saving. Any practices regarding the child’s money shall comply with this Section.

Historical Note

New Section made by final rulemaking at 29 A.A.R. 2231 (September 29, 2023), effective November 6, 2023 (Supp. 23-3).