Ala. Admin. Code r. 300-4-11-.05 - Disbursement Of Funds
(1) The
Alabama Commission on Higher Education shall monitor the dollar amount of each
scholarship award and shall submit a voucher to the State Comptroller each term
payments are due eligible students.
(2) The State Comptroller shall prepare a
check payable to the approved institution for credit to each eligible student
listed on a scholarship certification roster that will accompany each check.
Such checks and certification rosters with the amount of the scholarship
indicated for each eligible student shall be forwarded to the institution for
credit to the eligible student(s). No later than sixty (60) calendar days after
receipt of the check, the approved institution shall credit the account(s) of
the eligible student(s) and return the completed certification roster to the
Alabama Commission on Higher Education.
(3) If a student whose eligibility for a
scholarship has been certified by an approved institution becomes ineligible
for a scholarship award before the expiration of the institution tuition refund
period, the scholarship funds shall not be delivered to the student, but shall
be returned to the Alabama Commission on Higher Education for deposit to the
All Alabama Academic Team Recognition Scholarship Program account.
Author: William H. Wall
Notes
Statutory Authority: Code of Ala. 1975, ยง 16-5-14.
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