14 CAR § 2-103. Refurbishment and replacement account

(a) Providers may designate existing depreciation or replacement accounts as the refurbishment and replacement account required by Arkansas Code § 14-234-802(e), so long as the amount deposited therein complies with the provisions of Arkansas Code § 14-234-802(e). (b) The calculation of the amount required to be deposited into a refurbishment and replacement account pursuant to this part and Arkansas Code § 14-234-802(e) shall be based on the gross operating revenues of a system. (c) Utilization of funds from the refurbishment and replacement account must be approved by the provider board prior to its use.