Section 460IAC6-24-3. Management of individual's financial resources

   (a) This section applies to:

(1) an individual's residential living allowance management services provider; or

(2) the provider identified in an individual's individualized support plan as being responsible for an individual's property or financial resources.

  (b) The provider shall assist an individual to:

(1) obtain, possess, and maintain financial assets, property, and economic resources; and

(2) obtain insurance at the individual's expense to protect the individual's assets and property.

  (c) If the provider is responsible for management of an individual's funds, the provider shall do the following:

(1) Maintain separate accounts for each individual.

(2) Provide monthly account balances and records of transactions to the individual and, if applicable, the individual's legal representative.

(3) Inform the individual or the individual's legal representative, if applicable, that the payee is required by law to spend the individual's funds only for the needs of the individual.

(Division of Disability and Rehabilitative Services; 460 IAC 6-24-3; filed Nov 4, 2002, 12:04 p.m.: 26 IR 779; readopted filed Sep 26, 2008, 11:11 a.m.: 20081015-IR-460080618RFA; readopted filed Aug 11, 2014, 11:20 a.m.: 20140910-IR-460140241RFA)