1. (1) Requirement. The department shall collect, maintain and administer funds from the net proceeds of the operation of each business enterprise, including vendor-owned enterprises, in accordance with provisions of this section.

2. (2) Amount.

   1. (a) Funds that the department requires be set aside shall be computed on the basis of a percentage of the individual operator’s net proceeds for a given month. The department may each year reconsider and change that percentage to ensure that set-aside funds are sufficient for the uses made of these funds. Set-aside charges for vendor-owned enterprises shall be at a reduced rate to reflect vendor-owner responsibility for maintenance, repair and replacement of all business enterprise equipment.
   2. (b) The department shall bill operators each month for the set-aside charge.
3. (3) Accounting. Set-aside funds maintained by the department shall be accounted for in accordance with generally accepted principles of fund accounting.

4. (4) Uses. Set-aside funds may be expended only for the following purposes:

   1. (a) To maintain and replace equipment;
   2. (b) To purchase new equipment;
   3. (c) To pay for management services;
   4. (d) To assure a fair minimum return to operators; and
   5. (e) To establish and maintain retirement or pension funds, health insurance contributions and provisions for paid sick leave and vacation time.

History

History: Cr. Register, May, 1983, No. 329, eff. 6-1-83.