Alabama Administrative Code › Title 300 - ALABAMA COMMISSION ON HIGHER EDUCATION › Chapter 300-4-13 - (RE)ENGAGE ALABAMA GRANT PROGRAM › Section 300-4-13-.07 - Disbursement Of Funds

Current through Register Vol. 42, No. 9, June 28, 2024
(1)
			 ACHE shall determine from the certified award lists received from all approved
			 institutions the sufficiency of funds and the per grant dollar amount per
			 eligible student for each academic term. Each eligible full-time student may
			 receive a maximum of $3,000 per term for universities (baccalaureate level
			 programs) or $1,500 for community colleges (associate level programs). The
			 maximum award shall be reduced proportionately for students who enroll six to
			 eleven hours and for students enrolled in less common academic terms, such as
			 quarters, summer terms, and intersessions. No eligible student shall receive a
			 grant at more than one approved institution during any one academic
			 term.
(2) ACHE shall determine the
			 dollar amount of each institution's total grant amount needed to cover students
			 enrolled in each academic term and shall prepare a request for the State
			 Comptroller to disburse (Re)Engage Alabama Grant Program funds to the
			 institutions. ACHE shall earmark the total award amount designated for the
			 student based upon the hours required to complete the approved associate degree
			 (60 hours) or baccalaureate (120 hours). The institution will be responsible
			 for allocating the funds accordingly and not exceed award amount.
(3) The check and a signature roster with the
			 dollar amount of grant payment indicated for each eligible student shall be
			 forwarded to the approved institution and shall credit each eligible student's
			 account with the dollar amount indicated on the signature roster. The approved
			 institution shall return the completed certified signature roster to the
			 (Re)Engage Alabama Grant Program Office. Should the dollar amount of a grant
			 credited to an eligible student's account exceed the dollar amount due the
			 institution by the student at the time a (Re)Engage Alabama Grant is credited
			 to an eligible student's account, a check in the amount of the excess funds
			 (credit) shall be returned to the (Re)Engage Alabama Grant Program.
(4) If a student whose eligibility for a
			 grant has been certified by an approved institution becomes ineligible for a
			 grant before the expiration of the institutional tuition refund period, the
			 grant funds shall not be delivered to the student but shall be returned to the
			 (Re)Engage Program. Funds are considered received by a student when the
			 institution credits an (Re)Engage Alabama Grant Program payment to the
			 student's account.
(5) In no
			 academic term may the grant amount credited to an eligible student's account
			 exceed the per student operating expenditures of the institution for
			 nonsectarian, secular educational purposes. Under no circumstances shall any
			 (Re)Engage Alabama Grant Program funds be utilized by an approved institution
			 or an eligible student for religious, sectarian or denominational purposes.
			 Approved institutions receiving (Re)Engage Alabama Grant Program funds shall
			 segregate such funds in a special revenue account and shall identify
			 nonsectarian expenditures of such funds.
Author:
Artcola Pettway; Stephanie C.
				  Dolan
Statutory Authority:
Code of Ala.
				  1975
, §
										16-5-1; Alabama Act
				  2023-539.