Section Ed 324.06 - EFA Disbursement(a) For the first year of the program funding shall be disbursed 4 times during state fiscal year 2022, pursuant to the adjusted amounts determined using RSA 198:40-a, II based on an enrollment count of the verified student applications received by the department from the scholarship organization no later than the date indicated in Table 324-1, and in accordance with the state fiscal year 2022 EFA disbursement schedule in Table 324-1 below: Table 324-1 State Fiscal Year 2022 EFA Disbursement Schedule
EFA Funds Available | Allocated funds to be disbursed per state fiscal year | Student Application Verified and Reported to the Department by: |
September 1 | 20% | October 2 |
November 1 | 20% | October 2 |
January 1 | 30% | December 2 |
April 1 | 30% | March 2 |
(b) Beginning in state fiscal year 2023 and every year after, funding shall be disbursed 4-times per state fiscal year, in accordance with RSA 198:40-a in accordance with the EFA disbursement schedule in Table 324-2 below: Table 324-2 EFA Disbursement Schedule
EFA Funds Available | Allocated funds to be disbursed per state fiscal year | Student Application Verified and Reported to the Department by: |
September 1 | 20% | August 2 |
November 1 | 20% | October 2 |
January 1 | 30% | December 2 |
April 1 | 30% | March 2 |
(c) Applications in Ed 324.04(b) may be submitted to the scholarship organization throughout the year on a rolling basis, but shall be confirmed complete by the scholarship organization before a parent, guardian, or EFA student shall have access to EFA account funds.N.H. Admin. Code § Ed 324.06
Derived from Volume XLI Number 41, Filed October 14, 2021, Proposed by #13257, Effective 8/27/2021, Expires 2/23/2022