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Session Laws, 1982
Volume 742, Page 975   View pdf image
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HARRY HUGHES, Governor

975

(II) DEPOSIT OTHER MONEY THAT THE FACILITY
IS REQUIRED TO DEPOSIT, IN EITHER:

1.  A SEPARATE ACCOUNT IN THE NAME OF
THE RESIDENT; OR

2.  AN ACCOUNT THAT IS DESIGNATED
"GENERAL FUND OF THE PARTICIPATING RESIDENTS OF THE (NAME OF
FACILITY)".

(3) IF THE FACILITY IS OPERATED BY A STATE,
COUNTY, OR MUNICIPAL AGENCY, THE FACILITY MAY ESTABLISH ANY
REQUIRED ACCOUNTS WITH A BANK OR WITH THE STATE, COUNTY, OR
MUNICIPAL TREASURER.

(F)  INTEREST.

(1)  THE ACCOUNTS ESTABLISHED BY FACILITIES SHALL
BE INTEREST BEARING ACCOUNTS.

(2)  ALL INTEREST ON MONEY OF A RESIDENT SHALL BE
CREDITED TO THE RESIDENT.

(3)  A STATE, COUNTY, THE STATE TREASURER OR A
COUNTY OR MUNICIPAL TREASURER SHALL:

(I)  CREDIT INTEREST TO THE TOTAL ACCOUNT
AT A RATE THAT EQUALS THE AVERAGE INTEREST RATE ON SHORT
TERM INVESTMENTS OF THE GOVERNMENT; AND

(II)  ALLOCATE THE INTEREST AMONG EACH
RESIDENT PARTICIPATING IN THE ACCOUNT IN PROPORTION TO THE
RESIDENT'S PARTICIPATION IN THE TOTAL ACCOUNT.

(G)  WITHDRAWALS.

(1)  A RESIDENT MAY GET MONEY AS FOLLOWS:

(I)  IF THE FACILITY HAS THE MONEY IN
POSSESSION, DURING THE BUSINESS HOURS OF THE FACILITY; OR

(II)  IF A BANK OR THE STATE OR A COUNTY OR
MUNICIPAL TREASURER HOLDS THE MONEY, WITHIN 3 BANKING DAYS.

(2)  A RESIDENT MAY GIVE A LICENSED EMPLOYEE OF
THE FACILITY A LIMITED POWER OF ATTORNEY FOR THE ACCOUNT OF
THE RESIDENT. THE DEPARTMENT SHALL PRESCRIBE THE FORM TO BE
USED FOR THIS LIMITED POWER OF ATTORNEY.

(H) SERVICE CHARGE.

A FACILITY MAY:

(1) INCLUDE IN ITS OPERATING COSTS THE COST OF

 

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Session Laws, 1982
Volume 742, Page 975   View pdf image
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