LAC 48:I.6253. Client Funds and Assets

A. The TGH shall develop and implement written policies and procedures governing the maintenance and protection of client funds. These policies and procedures shall have provisions which include, but are not limited to, the following: 1. the amount each client can have; 2. the criteria by which clients can access their money; 3. the procedure for disbursement; and 4. staff who can access such funds. B. If the TGH manages a client’s personal funds, the provider shall furnish a written statement listing the client's rights regarding personal funds to the client and/or his/her legal or responsible representative. C. If a client chooses to entrust funds with the TGH, the TGH shall obtain written authorization from the client and/or his/her legal or responsible representative for the safekeeping and management of the funds. D. The TGH shall: 1. provide each client with an account statement upon request with a receipt listing the amount of money the provider is holding in trust for the client; 2. maintain a current balance sheet containing all financial transactions to include the signatures of staff and the client for each transaction; 3. provide a list or account statement regarding personal funds upon request of the client; and 4. not commingle the clients’ funds with the provider’s operating account. E. If the TGH is managing funds for a client and he/she is discharged, any remaining funds shall be refunded to the client or his/her legal or responsible representative within five business days of notification of discharge. Upon the death of a client, any remaining funds shall be refunded to the client’s legal or responsible representative within five business days of the client’s death.