8 Va. Admin. Code § 40-150-20

Current through Register Vol. 40, No. 22, June 17, 2024

Section 8VAC40-150-20 - Institutional application to participate

In order to participate in the program, institutions not previously approved by the council to participate must file a formal application with the council no later than January 31 of the calendar year preceding the calendar year in which fall semester or quarter awards would first be available to students. Virginia public four-year institutions and accredited private institutions participating in the Virginia Tuition Assistance Grant Program need not apply.

Applications shall be addressed to the council and shall include:

1. Estimates of the number of students who would be eligible to receive awards under the program in the first and second year of participation;

2. A copy of the Fiscal Operations Report and Application to Participate in Federal Student Financial Aid Programs (FISAP); and

3. Certifications from the institution's chief executive officer that the institution:

a. Meets eligibility requirements for participation;

b. Will furnish whatever data the council may request in order to verify its institutional eligibility claims;

c. Will promptly notify the council within 30 days following any change in governance or mission that may affect the institution's status as an eligible institution; and

d. By its governing body, has authorized its adherence to the requirements of this chapter, as the same are now constituted or hereafter amended, until such time as the institution may withdraw from participation in the program.

Applications must be approved and all documents must be on file before any funds are disbursed.

8 Va. Admin. Code § 40-150-20

Derived from Virginia Register Volume 25, Issue 25, eff. July 31, 2009.

Statutory Authority

§ 23-38.10:9 of the Code of Virginia.