Section Ed 324.09 - Scholarship Organizations(a) The scholarship organization shall have been approved pursuant to RSA 77-G:5, II(a) by the department of revenue administration as a scholarship organization.(b) The scholarship organization shall provide all types of qualifying educational expenses enumerated in RSA 194-F:2, II(a)-(o).(d) The scholarship organization shall electronically file with the department completed student data at least 30 days prior to the funding date, as described in Table 324-1 and Table 324-2. Failure to meet the application deadline shall result in delayed or unavailable funding if such failure prevents the department from processing the payment.(e) The scholarship organization shall verify, at a minimum, that completed applications meet the following: (1) The eligible student meets all eligibility criteria as described in RSA 194-F:1, IV;(2) The EFA application was verified complete only after signature by the parent or guardian, and the student, if the student is in a secondary education program; and(3) The student, parent, guardian, or both have not been disqualified from participation in the program due to funds misuse or are otherwise not eligible pursuant to RSA 194-F:1, VI.(f) The scholarship organization shall submit a roster of approved EFA students which shall include the student's:(1) Information on the student's school of attendance, if applicable;(2) Eligibility information;(3) Qualifying differentiated aid eligibility;(4) Whether the student is a current or new participant in program;(5) The amount of EFA funds received for each student and the amount of EFA funds remaining in each student's account; and(6) Total EFA funds requested.(g) The scholarship organization shall make EFA student account balances readily accessible, through a technology interface with real-time or near real time balance information, transaction history, including transaction date, amount deposited or withdrawn, and the name of the education service provider.(h) The scholarship organization shall create a parent and education service provider advisory commission pursuant to RSA 194-F:5, responsible for appeals of education service provider denials and other educational expenses approved by the scholarship organization pursuant to RSA 194-F:2 (o)(II).(i) The scholarship organization shall contract with an unaffiliated auditor to conduct a risk-based audit of EFA accounts with the department on, at a minimum, an annual basis.(j) The department shall receive copies of all subcontracts and assignment agreements and the department shall not be bound by any provisions contained in a subcontract or an assignment agreement to which the department is not a party.(k) The scholarship organization shall withhold from deposits or deduct throughout the year from EFAs an amount to cover the cost of administering the EFA program, up to a maximum total of 10% annually. All remaining funds shall be available to eligible students for allowable uses.(l) The scholarship organization shall develop a records retention policy.N.H. Admin. Code § Ed 324.09
Derived from Volume XLI Number 41, Filed October 14, 2021, Proposed by #13257, Effective 8/27/2021, Expires 2/23/2022