Rules & Regulations of the State of Tennessee
Title 1240 - Human Services
Subtitle 1240-06 - Tennessee Business Enterprises
Chapter 1240-06-09 - Setting Aside Funds
Section 1240-06-09-.02 - PURPOSE FOR WHICH SET-ASIDE ASSESSMENTS MAY BE USED
Universal Citation: TN Comp Rules and Regs 1240-06-09-.02
Current through September 24, 2024
(1) Pursuant to the provisions of 34 C.F.R. §§ 395.8 and 395.9, funds derived from set-aside assessments can only be used for the following purposes:
(a) Maintenance and repair of
equipment,
(b) The purchase of new
equipment,
(c) The replacement of
equipment,
(d) Management
services,
(e) Assuring a fair
minimum of return to vendors, and
(f) The establishment and maintenance of
retirement or pension funds and/or health insurance contributions, 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.
(2) The Agency shall maintain sufficient records to assure the reasonableness of the use of set-aside assessments in the operation of TBE and for those purposes designated.
Authority: T.C.A §§ 4-5-201 et seq., 49-11-601 et seq., 71-1-104, 71-1-105(12), 71-4-501 et seq., and 71-4-604(c); 34 C.F.R. § 395 et seq. and 34 C.F.R. 395.9(c).
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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