Md. Code Regs. 13B.08.21.07

Current through Register Vol. 52, No. 1, January 10, 2025

Section 13B.08.21.07 - Institutional Allocation

A. At the beginning of each State fiscal year, and no later than August 15, the Commission shall notify each community college of the total dollar amount of funds allocated to the institution for initial and renewal awards.

B. The Commission shall annually allocate the funds appropriated for the Scholarship Program in the State budget based on a community college's pro rata share of the total number of students who attended community colleges in the State who were eligible for the federal Pell Grant during the State fiscal year 2 years prior to the fiscal year in which the funds are being allocated.

C. Except as set forth in §E of this regulation, on a date established by the Commission, each community college shall be initially disbursed half of the amount of the annual allocation.

D. Except as set forth in §E of this regulation, the amount of total funds remaining after the initial disbursement shall be disbursed as follows.

(1) A community college that has awarded at least 66 percent of their initial disbursement by December 31 shall receive the remaining half of the amount calculated under §B of this regulation in a second disbursement on a date established by the Commission.

(2) A community college that has awarded 95 percent of their initial disbursement prior to December 31 shall notify the Commission and the Commission may, at its discretion, provide the second disbursement to the community college at an earlier date.

(3) If a community college has awarded less than 66 percent of their initial disbursement by December 31, the community college shall consult with the Commission. If the community college determines, after consultation with the Commission, that the community college is unlikely to need the entirety of the remaining 50 percent of the amount calculated under §B of this regulation, the community college may authorize the Commission to retain all or part of the remaining 50 percent of their annual allocation for reallocation to community colleges that have awarded a higher percent of their initial disbursement.

(4) The Commission shall calculate the reallocation of the funds retained under §D(3) of this regulation to community colleges based on a community college's pro rata share of the amount of funds from the initial disbursement awarded to students by each community college by December 31.

(5) The Commission shall notify the community colleges of the amount of any reallocated funds they will receive no later than January 21.

E. If all 16 community colleges in the State enter into an agreement with the Commission to receive disbursements from their total allocation via an alternate method set forth in the agreement, the Commission shall substitute the disbursement procedures in §§C and D of this regulation with those in the agreement.

Md. Code Regs. 13B.08.21.07

Regulation .07 adopted effective 46:6 Md. R. 347, eff. 3/25/2019; adopted effective 51:23 Md. R. 818, eff. 11/25/2024.