| (a) A program provider must implement this division
according to the generally accepted accounting principles of the American
Institute of Certified Public Accountants.
(b) A program provider must develop and implement written
policies and procedures regarding personal funds that protect the
financial interest of an individual and, at a minimum, require the
program provider:
(1) to instruct an individual in handling personal
funds consistent with the individual's abilities and understanding;
(2) to allow an individual to hold and manage personal
funds to the extent of the individual's abilities; and
(3) to comply with 20 CFR Part 404, Subpart U, and
20 CFR Part 416, Subpart F, if the Social Security Administration
has appointed the program provider as the representative payee.
(c) A program provider must reimburse an individual
for personal funds lost or stolen while the funds are under the program
provider's control.
|
| Source Note: The provisions of this §261.251 adopted to be effective January 1, 2001, 25 TexReg 12790; transferred effective September 1, 2004, as published in the Texas Register September 10, 2004, 29 TexReg 8841; amended to be effective November 4, 2013, 38 TexReg 7724; transferred effective October 1, 2020, as published in the Texas Register August 28, 2020, 45 TexReg 6127 |
