Wisconsin Administrative Code (Last Updated: January 10, 2017) |
Agency DWD. Department of Workforce Development |
Chapters 60-75. Vocational Rehabilitation |
Chapter 60. Supervised Business Enterprises Operated By Blind Persons |
Section 60.11. Set-aside funds.
Latest version.
- (1) Requirement. The department shall collect, maintain and administer funds from the net proceeds of the operation of each business enterprise, including vendor-owned enterprises, in accordance with provisions of this section.(2) Amount.(a) Funds that the department requires be set aside shall be computed on the basis of a percentage of the individual operator's net proceeds for a given month. The department may each year reconsider and change that percentage to ensure that set-aside funds are sufficient for the uses made of these funds. Set-aside charges for vendor-owned enterprises shall be at a reduced rate to reflect vendor-owner responsibility for maintenance, repair and replacement of all business enterprise equipment.(b) The department shall bill operators each month for the set-aside charge.(3) Accounting. Set-aside funds maintained by the department shall be accounted for in accordance with generally accepted principles of fund accounting.(4) Uses. Set-aside funds may be expended only for the following purposes:(a) To maintain and replace equipment;(b) To purchase new equipment;(c) To pay for management services;(d) To assure a fair minimum return to operators; and(e) To establish and maintain retirement or pension funds, health insurance contributions and provisions for paid sick leave and vacation time.
History:
Cr.
Register, May, 1983, No. 329
, eff. 6-1-83.