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Virginia Regulatory Town Hall
Department of Behavioral Health and Developmental Services
Guidance Document Change: This is a new guidance document regarding the current requirement for 90 days of operating expenses per the Rules and Regulations for Licensing Providers by the Department of Behavioral Health and Developmental Services (12VAC35-105).
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8/7/19  1:04 pm
Commenter: Catherine Wilson

90 day line of credit

As a Sponsored Residential Provider for the past 12 years I do not understand why in the draft you listed a various of resources for "non-sponsored" residential providers both acceptable and unacceptable but then were unclear in the paragraph for Sponsored. Accepting credit card available balances and disallowing Retirement accounts and life insurance policies does not seem financially sound. It is unclear in your draft if this applies to Sponsored. Also to disallow the account that the Sponsored provider uses for daily expenses seems to be placing an extreme hardship on the provider. This would require the provider to open a second account, possibly incurring fees to simple transfer funds. Sponsored Residential is done in the sponsor's private home and therefore much of their assets may be tied up in their home value and or retirement account. It seems that this draft is adding additional restrictions to the Sponsored Residential program above what is being applied to non-sponsored. Please be more clear in your address to Sponsored Residential.

CommentID: 75352