Iowa Admin. Code r. 111-7.14

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 111-7.14 - Vending facility inventory

The department shall purchase the initial inventory for each vending facility. Upon assignment of a new operator to the facility, the department, the outgoing operator, and the incoming operator shall establish the value of the inventory.

Upon inventory settlement, the operators and the department shall use the following procedure:

1. The department shall pay the operator who is due funds for the inventory difference.

2. The indebted operator who owes money for the inventory shall negotiate a satisfactory payment plan to reimburse the department.

Iowa Admin. Code r. 111-7.14