Iowa Administrative Code
Agency 17 - Aging, Department On
Chapter 6 - Area Agency on Aging Planning and Administration
Rule 17-6.15 - Entrepreneurial Activities of Aaa
Universal Citation: IA Admin Code 17-6.15
Current through Register Vol. 47, No. 13, December 25, 2024
An AAA considering entrepreneurial activities must carefully examine the activity to ensure compatibility with its designation as an AAA. The following shall apply to all AAA, unless otherwise prohibited by statute, rule or order:
(1) Demonstrated need -use of funds. An AAA may engage in entrepreneurial activities if the activity is in response to a demonstrated need and the funds raised by such activities are used for one of the following purposes:
a. To further extend
services and opportunities for older individuals; or
b. To fund new services and opportunities for
older individuals provided that these services or opportunities are compatible
with the AAA functions and goals.
(2) Restrictions. The following restrictions shall apply to an AAA's engagement in entrepreneurial activities:
a. Entrepreneurial activities
shall not be undertaken until they have been reviewed by the advisory council
and approved by the AAA governing board.
b. An AAA that engages in entrepreneurial
activities shall not create the impression that the activity is being carried
on under governmental authority.
c.
Funds received as a result of entrepreneurial activities shall be monitored and
accounted for according to generally accepted accounting and auditing practices
commensurate with the activities.
d. Entrepreneurial activities shall be
pursued only if the duties and responsibilities required of AAA in this chapter
are consistently provided by the AAA in a capable manner.
e. Entrepreneurial activities pursued by an
AAA and groups or organizations funded by an AAA shall not have, nor present
the appearance of, a conflict of interest.
f. Entrepreneurial activities shall not
utilize funds received from the department for direct costs.
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