Ala. Admin. Code r. 300-4-10-.09

Current through Register Vol. 43, No. 02, November 27, 2024

Section 300-4-10-.09 - Disbursement Of Funds

(1) The Alabama Commission on Higher Education shall determine the dollar amount for each award and shall prepare vouchers each term requesting that the State Comptroller disburse scholarship funds for eligible students. As Special Education Trust Funds become available, the order in which institutions will be issued checks shall be determined by the order in which institutional academic terms begin with the first-to-begin/first paid to last-to-begin/last paid.

(2) The State Comptroller shall prepare checks payable to all eligible institutions for all eligible TSPAT recipients included on the scholarship certification and transmittal rosters. Such checks and certification and transmittal rosters indicating the amount of TSPAT funds awarded for each eligible student shall be forwarded to the institution for credit to individual student accounts. No later than thirty (30) calendar days after receipt of the TSPAT funds, the eligible institution shall credit the accounts of the eligible students listed on the roster and return the completed roster to ACHE.

(3) If a student whose eligibility for a TSPAT award has been certified by an eligible institution becomes ineligible for a TSPAT award before the expiration of the institutional tuition refund period, the TSPAT funds shall not be credited to the student's account, but shall be returned to the Alabama Commission on Higher Education.

Author:

Ala. Admin. Code r. 300-4-10-.09

New Rule: Filed November 7, 1997; effective December 12, 1997.

Statutory Authority: Act 93-636.