22 Va. Admin. Code § 30-60-380 - Timing of spending general program income
In general, there is no time restriction as to when general program income under the additional-costs alternative must be spent. To avoid any excessive accumulation of funds and the abuse of this alternative, the Virginia Department for Aging and Rehabilitative Services has determined that general program income earned under the additional-costs alternative shall be spent in the year in which it is earned. If it is earned near the end of the agency's fiscal year and the agency is unable to spend this income by then, it shall at least be spent before the expenditure of any federal or state funds in the beginning of the next fiscal year.
Notes
Statutory Authority
§ 51.5-131 of the Code of Virginia; 42 USC § 3001 et seq.
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