Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO:
KRS
164.7894
NECESSITY, FUNCTION, AND CONFORMITY:
KRS
164.744(2) authorizes the
authority to provide scholarships.
KRS
164.7894(6) requires the
authority to promulgate administrative regulations as may be needed for the
administration of the program. This administrative regulation establishes the
disbursement procedures for awards under the Kentucky Coal County College
Completion 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 the following:
(1) The student's enrollment
status;
(2) The number of credit
hours in which the student is enrolled for the academic term; and
(3) For a nonparticipating institution,
confirmation of the student's enrollment in an approved bachelor's degree
program of study.
Section
2. Disbursement and Delivery of Funds.
(1) The authority shall disburse up to
one-half (1/2) of the scholarship awarded for the academic year during each
academic term.
(2) Within thirty
(30) days following receipt of the eligibility verification record, KCCCC
scholarship funds shall be disbursed by the authority to the institution for
subsequent delivery to the eligible student or application of the funds to the
account of the eligible student.
Section 3.
(1) The educational institution shall:
(a) Be responsible for proper disbursement of
scholarship funds to each eligible student during the academic term for which
each award is intended;
(b) Not
make scholarship funds available to the recipient nor apply those funds to the
recipient's account after the end of the academic term for which the funds are
received by the institution;
(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 disbursed.
(2) Failure of the institution to make
restitution when required shall, without precluding other remedies, be cause
for limitation, suspension, or termination of the participation of the
institution in accordance with
11
KAR 4:020.
STATUTORY AUTHORITY:
KRS
164.744(2),
164.7894
