HAR §17-403-24

HAR §17-403-24. §17-403-24 Responsibility for equipment and initial stocks

Length: 255 wordsOfficial source

Cite as Haw. Code R. § 17-403-24

Responsibilities for equipment and initial stocks of vending facilities are vested as follows: (1) The SLA shall furnish each vending facility with adequate suitable equipment and adequate initial stock of merchandise necessary for the establishment and operation of the facility. (2) The SLA shall maintain (or cause to be maintained) all vending facilities in good repair and in an attractive condition and shall replace (or cause to be replaced) worn out and obsolete equipment as required to insure the continued successful operation of the vending facility. (3) The right, title to, and interest in vending facility equipment and initial stock, operating capital, and supplies provided in the establishment of a vending facility in a particular location is vested in the SLA, except as provided in subsection (4). (A) In the event the vendor dies, or for any other reason, ceases to be a licensed operator or transfers to another vending facility, a closing inventory shall be taken of all equipment and stocks and supplies on hand prior to the SLA's release of the location to a succeeding vendor. (B) The fair market value of missing equipment, or damage to equipment in excess of normal operational wear and tear, shall be paid to the SLA by the outgoing vendor or vendor's estate. (C) If the closing inventory shows that the value of stocks and supplies on hand is less than the original investment for initial stocks, operating capital, and supplies, the difference shall be paid to the SLA by the outgoing vendor or vendor's estate. 403-27
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