- A. The Commission may review institutional administrative practices to determine institutional compliance with pertinent statutes, guidelines, rules or regulations. If such a review determines that an institution has failed to comply with program statutes, guidelines, rules or regulations, the Commission may suspend, terminate, or place certain conditions upon the institution’s continued participation in the program and require reimbursement to the college assistance program for any funds lost or improperly awarded.
- B. Upon receipt of evidence that an institution has failed to comply, the Commission shall notify the institution in writing of the nature of such allegations and conduct an audit.
- C. If an audit indicates that a violation or violations may have occurred or are occurring at any eligible institution, the Commission shall secure immediate reimbursement from the institution in the event that any funds were expended out of compliance with the provisions of the Act, any relevant statutes, guidelines, rules, and regulations.
Editor's Note
State Register Volume 40, Issue No. 2, Doc. No. 4533, eff February 26, 2016, transferred text from former R 62-262 to this regulation.
HISTORY: Added by State Register Volume 33, Issue No. 3, eff March 27, 2009. Amended by State Register Volume 40, Issue No. 2, Doc. No. 4533, eff February 26, 2016; State Register Volume 41, Issue No. 6, Doc. No. 4730, eff June 23, 2017; SCSR 44-6 Doc. No. 4936, eff June 26, 2020; SCSR 45-5 Doc. No. 4970, eff May 28, 2021.