007.01.
AMOUNT OF SET-ASIDE FUNDS: The State Licensing Agency
shall determine annually with the active participation of the Committee of
Blind Vendors, the percentage of the net proceeds of each vending facility that
shall accrue to the State Licensing Agency.
007.02.
USE OF SET-ASIDE
FUNDS: The State Licensing Agency shall establish, with the active
participation of the Committee of Blind Vendors, a set-aside schedule which
covers the purposes for which any and all set-aside funds are used and the
method of determining the charge for each intended purpose.
007.02A. Funds shall be set aside in
accordance with this rule for any of the following purposes:
007.02A1. Maintenance and replacement of
equipment;
007.02A2. Purchase of
new equipment;
007.02A3. Management
services;
007.02A4. Assuring a fair
minimum return to vendors;
007.02A5. Establishment and maintenance of
retirement or pension funds, health insurance, and paid sick leave, and/or
vacation time, if it is so determined by a majority vote of blind vendors
licensed by the State Licensing Agency, after such agency provides to each such
vendor information on all matters relevant to such proposed
purposes.
007.02B. The
conditions of 007.02A5 having been satisfied, there is hereby established a
retirement plan for blind vendors with contributions from each blind vendor who
chooses to participate being matched with an equivalent approved contribution
from the Small
Business Enterprise Cash Fund, said amount to be reviewed
annually by the State Committee of Blind Vendors and the State Licensing
Agency.
007.02C. Set-aside
funds may not be used for any purpose not listed in 007.02A.
007.02D. The State Licensing Agency shall
keep and maintain adequate record to support the reasonableness of each charge
in the set-aside scheduled for each of the purposes listed in 007.02A. The
State Licensing Agency shall submit any and all charges in the set-aside
schedule to the Commissioner of the Federal Rehabilitation Services
Administration for approval prior to taking effect.
007.02E. The State Licensing Agency shall
design the set-aside scheduled to prevent, so far as is practicable, a greater
charge for any purpose than is reasonably required. Allowances must be made for
the retention of reasonable reserves necessary to assure that each such purpose
can be provided on a continuing basis.
