Md. Code Regs. 13B.08.19.06

Current through Register Vol. 51, No. 22, November 1, 2024

Section 13B.08.19.06 - Payment Remittance

A. Except as set forth in §B of this regulation, the Commission shall require an institution to return to the Commission any overpayments of EEA Program funds that were not awarded and paid consistent with statute and regulation.

B. For institutions that elect to verify GA applicant eligibility under Education Article, § 18-303.3, Annotated Code of Maryland, and COMAR 13B, overpayments of EEA Program funds arising from a verification made under this election shall be paid by the institution that made the verification, regardless of what school the student attends.

C. Except as provided in §D of this regulation, the institution may elect to remit payment to the Commission in one of the following ways:

(1) A check payable to the Maryland Higher Education Commission;

(2) Electronic Funds Transfer (EFT); or

(3) Deduction from the initial payment from the Commission to the institution in the subsequent award year.

D. If the return of funds relates to the Campus Based EEA Program, then the institution shall return the funds to the Commission by check.

E. The Commission may discontinue an institution's eligibility to participate in the EEA Program if the institution fails to return funds pursuant to §A of this regulation within the time frame specified by the Commission.

Md. Code Regs. 13B.08.19.06

Regulation .06 adopted effective 45:15 Md. R. 727, eff. 7/30/2018; amended effective 48:13 Md. R. 509, eff. 6/28/2021