Ala. Admin. Code r. 300-4-7-.07

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

Section 300-4-7-.07 - Disbursement Of Funds

(1) The Alabama Commission on Higher Education shall determine the dollar amount of each grant award and shall submit a voucher to the state comptroller.

(2) The state comptroller shall prepare a check payable to the eligible institution for each eligible student listed on the voucher. Such check shall be forwarded to the institution for credit to the student's account or for payment to the institution for delivery of funds to the eligible student. No later than thirty (30) calendar days after receipt of the grant check, the eligible institution shall deliver the grant funds to the eligible student and return completed certification form to the Alabama Commission on Higher Education.

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

Ala. Admin. Code r. 300-4-7-.07

Filed April 6, 1988.

Author: Joseph T. Sutton

Statutory Authority:Code of Ala. 1975, §§ 36-21-100, etseq.