Section 261.251 - Protecting Individuals' Personal Funds(a) A program provider must implement this subchapter according to the generally accepted accounting principles of the American Institute of Certified Public Accountants.(b) A program provider must develop and implement written policies and procedures regarding personal funds that protect the financial interest of an individual and, at a minimum, require the program provider: (1) to instruct an individual in handling personal funds consistent with the individual's abilities and understanding;(2) to allow an individual to hold and manage personal funds to the extent of the individual's abilities; and(3) to comply with 20 CFR Part 404, Subpart U, and 20 CFR Part 416, Subpart F, if the Social Security Administration has appointed the program provider as the representative payee.(c) A program provider must reimburse an individual for personal funds lost or stolen while the funds are under the program provider's control.26 Tex. Admin. Code § 261.251
Adopted to be effective January 1, 2001, 25 TexReg 12790; Transferred effective September 1, 2004, as published in the Texas Register September 10, 2004, 29 TexReg 8841; amended to be effective November 4, 2013, 38 TexReg 7724; Transferred from Title 40, § 9.251 by Texas Register, Volume 45, Number 35, August 28, 2020, TexReg 6127, eff. 10/1/2020