Ariz. Admin. Code § 6-4-321
Current through Register Vol. 30, No. 45, November 8, 2024
Section R6-4-321 - Assessment against Net Proceeds of OperatorsA. The BEP shall set aside funds from the net proceeds of the operation of a business facility based on a monthly assessment schedule determined after consultation with APOC and approved by the Secretary of the U.S. Department of Education. The currently approved monthly assessment schedule is: Net Proceeds | Assessment Schedule |
First $400 | 2% |
$401-$500 | $8.00 plus 5% |
$501-$600 | $13.00 plus 10% |
$601-$700 | $23.00 plus 15% |
$701 and over | $38.00 plus 20% |
B. The funds set aside from the operator's monthly assessment shall be used only for the purposes stated in 34 CFR 395.9(b) (July 1, 1988), incorporated by reference and on file with the Office of the Secretary of State.Ariz. Admin. Code § R6-4-321
Adopted effective May 7, 1990 (Supp. 90-2).