New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter XX - Higher Education Services Corporation
Subchapter A - Administration
Part 2006 - Suspension And Limitation Of Awards Participation
Section 2006.2 - Possible sanctions
Universal Citation: 8 NY Comp Codes Rules and Regs ยง 2006.2
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Limitations. A limitation on an eligible institution's participation in the awards program may include any of the following:
(1) The termination of any prepayment
arrangement made with the institution pursuant to section
665 of the
Education Law.
(2) The requirement
that the institution furnish a bond or an undertaking as a condition of
continued eligibility for the awards program, the amount and terms of such to
be determined by the president.
(3)
The requirement that the institution refund overpaid amounts to the
corporation, or begin a repayment plan for such amounts, or establish an escrow
account with the corporation, the terms and amounts of such plan or account to
be determined by the president.
(4)
The requirement that payments or prepayments of awards be made in installments,
in trust, or under such other terms and conditions as the president may deem
necessary to assure such payments or prepayments shall be expended consistent
with statutory and regulatory requirements or shall be available for
application to the payment of refunds due.
(5) The requirement that the institution
comply with cease and desist orders or mandatory administrative directions
issued by the corporation.
(6) Such
other requirements or conditions as the president or a presiding officer may
determine:
(i) are reasonable and appropriate
as a direct means of correcting a violation of applicable laws, regulations or
agreements; and
(ii) will promote
the purposes of the programs provided for in this Chapter.
(b) Scope and duration of limitations. A limitation may extend to all aspects of an institution's participation in programs under this Subchapter or may be limited to portions thereof. The duration of a limitation may be set to extend for a definite period of time or until the president has determined that the basis for the limitation has been removed and that a repetition of such a violation appears unlikely.
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