37.30.2535    DEPARTMENT'S SET ASIDE FUNDS

(1) The department will set aside funds from the net proceeds of the operation of business enterprise facilities under the blind vendors program. To the extent that set aside funds are accumulated as provided for in (2) and (3) , those funds may be used for the purposes of:

(a) maintenance and replacement of equipment;

(b) the purchase of new equipment;

(c) management consultant services;

(d) assuring a fair minimum of return to vendors; or

(e) the establishment and maintenance of retirement or pension funds, health insurance contributions, paid sick leave and vacation time, if it is so determined by a majority vote of blind vendors certified by the department, after providing each such vendor information on all matters relevant to such proposed purposes.

(2) The amount of net proceeds for set aside purposes will be computed and reported on the SRS-VSD-BE-1 and paid monthly.

(3) Each unit's set aside fee will be 5% of the net proceeds.

History: Sec. 18-5-414, MCA; IMP, Sec. 18-5-406, MCA; NEW, 1983 MAR p. 657, Eff. 6/17/83; AMD, 1984 MAR p. 991, Eff. 6/29/84; TRANS, from SRS, 1998 MAR p. 2040.