(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