In the event that a recipient, in accordance with the terms of the contract, fully repays the Commonwealth for part or all of any scholarship award because of breach of contract and later fulfills the terms of the contract after repayment, the Commonwealth shall reimburse the award amount repaid by the recipient minus applicable interest and fees.

Statutory Authority

§ 32.1-122.6:03 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 38, Issue 11, eff. February 17, 2022.