La. Admin. Code tit. 28 § IV-1215

Current through Register Vol. 50, No. 11, November 20, 2024

Section IV-1215 - Responsibilities of the Louisiana Board of Regents

A. The board shall promulgate administrative rules in accordance with the Administrative Procedure Act.

B. At least on an annual basis, the board shall review the amount appropriated for this program, and:

1. determine the minimum and maximum amount to be received by students attending school;

2. determine whether there is a maximum lifetime award and, if so, set the maximum;

3. determine what, if any, limitations should be placed on awards;

4. establish any changes in requirements for calculation of awards; and

5. provide for any other changes in the program.

C. The board shall provide notice to LOSFA of any changes to the program in sufficient time to allow timely implementation.

D. In the event of receipt of notice of a shortfall and additional funds are not allocated for payment of all anticipated awards for subsequent semesters, terms and sessions during the academic year, the board shall develop, approve and deliver a plan to LOSFA to address the shortfall.

La. Admin. Code tit. 28, § IV-1215

Promulgated by the Student Financial Assistance Commission, Office of Student Financial Assistance, LR 33:2618 (December 2007), amended LR 39:2237 (August 2013), Amended by the Board of Regents, Office of Student Financial Assistance, LR 44539 (3/1/2018).

AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3021-3023, R.S.17:3046 et seq. and R.S. 17:3129.7.