Section 8.98.440. Income and set-aside fund.

	(a)  Except as provided in (b) of this section the monthly net profit of a vending facility is a licensee's monthly income under the vending facility program.  
	(b)  The division will augment the income of a licensee up to the state minimum wage when the licensee's income is below the state minimum wage and  
		(1) the licensee has been licensed six months or less; or  
		(2) the vending facility has been in operation for six months or less.  
	(c)  If a majority of licensees approves, the division will establish a set-aside fund from the net profits of the licensees' vending facilities to provide assistance under 8 AAC 98.430(d)(1) - (6) when revenues from 8 AAC 98.430(a) are insufficient.  
	(d)  If the division establishes a set-aside fund, it will state in writing the assessment for each vending facility and, in the case of vending facilities on federal property, will submit the set-aside plan to the commissioner of rehabilitation services for his review and approval as required by 34 C.F.R. 395.3(a)(11)(IV).  
	(e)  Set-aside profits from vending facilities on federal property will be accounted for separately from those derived from vending facilities on state property, and will be expended in accordance with 8 AAC 98.430(d)(1) - (5) to assist only licensees on federal property.  

Authorities

23.15.020;23.15.100;23.15.120

Notes

Reference

8 AAC 98.990

Authority

AS 23.15.020(c) AS 23.15.100(b) AS 23.15.120

History

Eff. 7/17/83, Register 87