Final answer:
The facility must give a statement to a resident regarding any funds the facility may be holding for the resident at least once a month. This requirement ensures transparency and accountability.
Step-by-step explanation:
The facility must give a statement to a resident regarding any funds the facility may be holding for the resident at least once a month.
This requirement is based on the legal principle that no money shall be drawn from the Treasury without appropriation by law, and that regular statements and accounts of public money must be published from time to time. By providing regular statements to residents, the facility ensures transparency and accountability in managing the funds it holds for them.
For instance, a nursing home may provide monthly statements to its residents detailing any deposits, withdrawals, or interest earned on their personal funds held by the facility.