Section 8 AAC 98.440 - Income and set-aside fund(a) Except as provided in (b) of this section the monthly net profit of a vending facility is a licensee's monthly income under the vending facility program.(b) The division will augment the income of a licensee up to the state minimum wage when the licensee's income is below the state minimum wage and(1) the licensee has been licensed six months or less; or(2) the vending facility has been in operation for six months or less.(c) If a majority of licensees approves, the division will establish a set-aside fund from the net profits of the licensees' vending facilities to provide assistance under 8 AAC 98.430(d) (1) - (6) when revenues from 8 AAC 98.430(a) are insufficient.(d) If the division establishes a set-aside fund, it will state in writing the assessment for each vending facility and, in the case of vending facilities on federal property, will submit the set-aside plan to the commissioner of rehabilitation services for his review and approval as required by 34 C.F.R. 395.3(a)(11)(IV).(e) Set-aside profits from vending facilities on federal property will be accounted for separately from those derived from vending facilities on state property, and will be expended in accordance with 8 AAC 98.430(d) (1) - (5) to assist only licensees on federal property.Eff. 7/17/83, Register 87Authority:AS 23.15.020(c)
AS 23.15.100(b)
AS 23.15.120