R 393.27 Licensee reporting requirements.

Rule 27. (1) A licensee shall furnish reports as the commission may require periodically. (2) A licensee shall complete the commission's standard monthly vending facility report. Business expenses, taxes paid, profit, and financial operations are major components of the report. The report shall be an accurate and true report. (3) A licensee shall submit the monthly report data to the department's administrative entity. Reports shall be time and date stamped by the fifteenth day of the month following the period covered by the report. (4) If a report associated with a set-aside payment is delinquent, then the reporting licensee is not eligible for promotion until 30 days after the time and date stamp of the delinquent report. If a set-aside fee payment is delinquent, then the reporting licensee is not eligible for promotion until 30 days after the post mark date of the delinquent set- aside fee and a penalty of 50% of the monthly set-aside fee owed shall be assessed and paid with the next monthly report. (5) If a payment for a repayment agreement, made before the effective date of these rules, is delinquent, then the reporting licensee is not eligible for promotion until 30 days after the time and date stamp of the delinquent payment. (6) Receipt of a nonsufficient funds check in payment shall be treated in the same manner as a delinquent payment. A penalty of 50% of the monthly set-aside fee owed shall be assessed and paid with the next monthly report. (7) The completion of the monthly report and the payment of the set-aside fees are the sole responsibilities of the licensee. (8) A licensee shall make payment of the set-aside fee by the due date. Set-aside fee payments shall be post marked by the twenty-fifth day of the month following the period covered by the associated report. The set-aside fee payment is a payment due the commission. The commission shall not accept partial payment for past due set-aside fee payments, liability insurance payments, or for repayment agreements that have been grandfathered in under subrule (4) of this rule. (9) Failure to submit 2 or more reports or payments during a 12-month period shall result in commencement of license revocation proceedings.