Nebraska Administrative Code
Topic - COORDINATING COMMISSION FOR POSTSECONDARY EDUCATION
Title 281 - COORDINATING COMMISSION FOR POSTSECONDARY EDUCATION
Chapter 5 - RULES AND REGULATIONS CONCERNING THE NEBRASKA OPPORTUNITY GRANT ACT
Section 281-5-004 - COMMISSION RESPONSIBILITIES

Universal Citation: 281 NE Admin Rules and Regs ch 5 ยง 004

Current through September 17, 2024

004.01 The Commission shall determine a target level of funds to be distributed to students at each eligible postsecondary educational institution. The target is the maximum total amount that may be awarded to eligible students enrolled at eligible postsecondary education institutions, which will be determined as follows:

(1) Determine the number of eligible full-time-equivalent students enrolled at the eligible postsecondary educational institution for the last completed award year;

(2) Multiply the number determined in subdivision (1) of this section by the tuition and mandatory fees as limited pursuant to Section 003.16 of this rule;

(3) Divide the product derived pursuant to subdivision (2) of this section for each eligible postsecondary educational institution by the sum of the products derived pursuant to subdivision (2) of this section for all eligible postsecondary educational institutions; and

(4) Multiply the total dollars appropriated for purposes of distribution pursuant to the Act by the ratio derived pursuant to subdivision (3) of this section.

004.02 Prior to June 1 of each award year, the Commission shall receive a recommendation from each eligible postsecondary educational institution listing proposed awards to eligible students, including name, social security number of each eligible student, and amount of proposed award for each eligible student and other information necessary for the Commission to determine compliance with the Act.

004.03 Within thirty days after receiving recommendations pursuant to 004.02 of this rule, the Commission shall review the recommended awards for compliance with the Nebraska Opportunity Grant Act, its rules and regulations, and notify each eligible postsecondary educational institution of the approval or disapproval of recommended awards.

004.04 If awards are disapproved, the eligible postsecondary institution may resubmit the recommended list of awards to eligible students after modifying the recommendation to address the disapproved awards. The Commission will review the modified list of recommendations in a timely manner.

004.05 Upon approval of awards, the Commission shall distribute funds appropriated to the Nebraska Opportunity Grant Act to each eligible institution, based on the level of approved awards, for direct disbursement to eligible students as determined by the Commission according to the provisions of the Act.

004.06 Each eligible institution shall submit annually to the Commission a year-end report pertaining to the dollars distributed to students within the last completed award year. Only those institutions providing this information are eligible for participation in the program.

004.07 The Commission shall supervise the issuance of public information concerning the Nebraska Opportunity Grant Act.

004.08 The Commission shall assure through regular audits and reports that institutions, as agents of the Commission, maintain fiscal control and fund accounting procedures as are necessary to assure proper disbursement of funds and compliance with the Act.

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