The Board proposes the rule amendment to change the requirements for trust accounts.

DEPARTMENT OF HEALTH
Board of Chiropractic

Rule No.: RULE TITLE
64B2-14.001: Trust Accounting Procedures
PURPOSE AND EFFECT: The Board proposes the rule amendment to change the requirements for trust accounts.
SUMMARY: Requirements for trust accounts will be changed.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared. The Board has determined that the proposed rule amendments will not have an adverse impact on small business, nor will the proposed rule amendments be likely to directly or indirectly increase regulatory costs in excess of $200,000 in the aggregate in this state within 1 year after the implementation of the rule.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 460.405 FS.
LAW IMPLEMENTED: 460.413(1)(z) FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Bruce Deterding, Executive Director, Board of Chiropractic Medicine, 4052 Bald Cypress Way, Bin #C07, Tallahassee, Florida 32399-3257

THE FULL TEXT OF THE PROPOSED RULE IS:

64B2-14.001 Trust Accounting Procedures.

(1) The provisions of this rule apply to all trust funds received or disbursed by chiropractors in the course of their professional practice. “Trust funds” are defined as unearned fees in the form of cash or property other than cash, equaling five hundred and one dollars ($501.00) up to a maximum of one thousand five hundred dollars ($1,500.00) which are received by a chiropractor prior to the chiropractor rendering his services or his selling of goods and appliances. Chiropractors shall not retain unearned fees exceeding one thousand five hundred dollars ($1,500.00).

(2) through (4) No change.

Rulemaking Specific Authority 460.405 FS. Law Implemented 460.413(1)(z) FS. History–New 1-10-80, Formerly 21D-14.01, 21D-14.001, 61F2-14.001, 59N-14.001, Amended 3-23-00,________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Board of Chiropractic Medicine
NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Board of Chiropractic Medicine
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: December 10, 2010
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: September 10, 2010