Section DWD 60.11 - Set-aside funds(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.Wis. Admin. Code Department of Workforce Development DWD 60.11
Cr. Register, May, 1983, No. 329, eff. 6-1-83.