Ala. Admin. Code r. 795-7-7-.03

Current through Register Vol. 42, No. 12, September 30, 2024

Section 795-7-7-.03 - Records - Financial Reports And Set-Aside Assessments

(1) The SLA shall provide a financial report to the Elected Committee of Blind Vendors on a quarterly basis. Financial reports shall identify revenue, expenditure and balance information for the accounts that are maintained for the purposes of supporting the BEP. The SLA shall maintain adequate records to support the revenue, expenditure and balance information for the accounts that are maintained for the purposes of supporting BEP.

(2) Vendors shall submit a copy of their monthly financial report to their BEP representative by the 20th of each month following the previous month of operation. Monthly financial reports with the proper amount due the set-aside and escrow fund shall be submitted to the BEP accounting section by the 20th of each month. Reports received after the last day of the month with improper amounts due or without payment to the set-aside or escrow fund are considered delinquent. Financial reports and/or amounts due the set-aside or escrow fund that remain delinquent 90 days shall be considered seriously delinquent. The BEP representative will arrange a mandatory meeting with the assistant commissioner and BEP director. The purpose of this meeting will determine the vendor's continued participation in the BEP program and may be cause for removal from one's assigned facility.

New Rule: Filed January 19, 2000; effective February 23, 2000.

Amended by Alabama Administrative Monthly Volume XXXV, Issue No. 06, March 31, 2017, eff. 4/20/2017.

Authors: Alabama Board of Rehabilitation Services, Alabama Elected Committee of Blind Vendors

Statutory Authority:Code of Ala. 1975, §§ 21-1-40, 21-9-9; 20 U.S. C. 107 et. seq.