1. A. A recipient shall furnish to OSFA written acceptance of the award and a signed promissory note and employment obligation agreement.

2. B. The promissory note and service obligation agreement shall include:

   1. (1) The obligations of the recipient;
   2. (2) The total and annual amounts of the award;
   3. (3) Penalties for breach of contract;
   4. (4) Circumstances under which the obligation may be canceled, suspended, or waived; and
   5. (5) Any other terms the Secretary considers necessary.

3. C. A recipient shall:

   1. (1) Verify eligible employment initially, after 6 months, and at the end of each year in the program;
   2. (2) Verify the current status of all educational loans each year in the program;
   3. (3) Verify, at the time of the initial application only, being a foster care recipient as defined in Regulation .02 of this chapter;
   4. (4) Submit a copy of the recipient’s State tax returns for any year during which an award is received, and federal returns if requested; and
   5. (5) Notify OSFA of any change in employment status.

Authority: Education Article, §§11-105(u) and 18-3206, Annotated Code of Maryland

Effective date: July 30, 2018 (45:15 Md. R. 727)