61-5.002. Definitions

For the purposes of this chapter, the following definitions shall apply: (1) “Anticipated costs” means the projected direct and indirect costs and administrative overhead of a board based upon the current fiscal year’s legislative appropriation enactment and other anticipated initiatives. (2) “Reasonable cash balance” means a positive cash balance which must exist at the end of each fiscal year, plus and minus the Department’s projections of revenue and expenditures of the board for the next 24-month period. (3) “Projection” means the department's projected cash balance for a board based upon a board’s projected revenues including license fees, application fees, examination fees, and fines, and the department’s projected anticipated costs for the board.