Current through Register Vol. 51, No. 3, September 1, 2024
RELATES TO:
KRS
164.518
NECESSITY, FUNCTION, AND CONFORMITY:
KRS
164.518(3) requires the
authority to promulgate administrative regulations for administration of the
Early Childhood Development Scholarship Program. This administrative regulation
establishes procedures for disbursement of the monies awarded under the Early
Childhood Development Scholarship Program.
Section
1. Eligibility Verification. Once the census date for each
academic term has passed, the institution shall verify the eligibility of each
student and submit to the authority a complete and accurate eligibility
verification record that shall include:
(1)
The student's enrollment status; and
(2) The number of credit hours in which the
student is enrolled for the academic term.
Section 2. Disbursement and Delivery of
Funds.
(1) Within thirty (30) days following
receipt by the authority of the eligibility verification data, the authority
shall disburse Early Childhood Development Scholarship funds to the
participating institution for subsequent delivery to the eligible scholarship
recipient.
(2) Scholarship proceeds
shall be used by the recipient only for payment of tuition and mandatory fees
to the participating educational institution.
(3) The participating institution shall:
(a) Return to the authority scholarship funds
that exceed the amount of tuition and mandatory fees charged by the institution
to the scholarship recipient for the academic term based upon the recipient's
enrollment status at the time of eligibility verification;
(b) Be responsible for proper disbursement of
scholarship funds to each eligible student during the academic term for which
each award is intended;
(c) Be
liable for disbursement to the wrong individual or to an ineligible student, or
for untimely disbursement pursuant to this section; and
(d) Make restitution to the authority of any
amount improperly delivered.
(4) Failure of the participating institution
to make restitution as required shall, without precluding other remedies, be
deemed cause for limitation, suspension, or termination of the participation of
the institution in accordance with
11
KAR 4:020.
STATUTORY AUTHORITY:
KRS
164.518(3),
164.748(4)
