Alabama Administrative Code › Title 300 - ALABAMA COMMISSION ON HIGHER EDUCATION › Chapter 300-3-1 - ALABAMA ENDOWMENT TRUST FUND FOR EMINENT SCHOLARS PROGRAM › Section 300-3-1-.04 - Distribution Procedures

Current through Register Vol. 42, No. 9, June 28, 2024
(1)
			 Distribution procedures like round-distribution schedules are based on the
			 following interpretation of the law: that every university is given the
			 opportunity to receive at least one grant before another university receives
			 more than one.
(2) ACHE will serve
			 a public notice to all authorized universities 30 calendar days before the
			 beginning of the fourth quarter, which will list the current session schedules
			 that will be included in this year's round-distribution schedule. This public
			 notice will also state the following reminder: Any university that would like
			 to participate in this year's round-distribution schedule must send in their
			 qualifying documentation before the cut-off date, two weeks before the
			 beginning of the fourth quarter.
(3) There will be two distributions per year
			 when and if the yearly appropriation to the Eminent Scholars Program (i.e.
			 Alabama Trust Fund for Eminent Scholars) is $5 million or more. Mid-January and
			 mid-July are recommended times for distributions.
(4) ACHE will serve another public notice to
			 all authorized universities after the cut-off date, which will list the updated
			 session schedules that will be included in this year's round-distribution
			 schedule.
(5) ACHE will distribute
			 the grants to those on the round-distribution schedule during the fourth
			 quarter on a date that is determined yearly by ACHE in the best interest of the
			 program and its participants.
(6)
			 Since the dollars allocated to the Alabama Endowment Trust Fund for Eminent
			 Scholars accrue interest income, it is possible that there will be funds, under
			 $400,000, remaining after the distribution of grants. These funds remain in the
			 Endowment Trust Fund accruing interest income. If the legislature does not
			 allocate additional funds to the Eminent Scholars program, then when funds
			 accrue interest income reaching the amount of $400,000, a grant will be
			 distributed at that time.
(6) If
			 there are universities on a session schedule that were not awarded a grant on
			 the current round-distribution schedule, then all universities retain their
			 order on the session schedule. The session schedule is open again for requests
			 of any authorized university that is not already on the session schedule and
			 those universities that received grants will not be eligible to receive grants
			 on the same session schedule.
For example:
The hypothetical
Session Schedule II 1989
will be open in the following
				fiscal year to the seven remaining universities so that every university is
				given the opportunity to receive at least one grant before another university
				receives more than one. The first three universities on the hypothetical
Session Schedule II 1989
will remain on the list in
				bold lettering as a reminder that those universities have already received one
				grant.
Round-Distribution Schedule
Session Schedule I 1989
1. Auburn University; October 5, 1988;
			 3:00
2. Troy State University;
			 October 10, 1988; 2:00 p.m.
3. The
			 University of Alabama; October 30, 1988; 1:00 p.m.
4. Livingston University; January 15, 1989;
			 1:00 p.m.
5. Jacksonville State
			 University; February 10, 1989; 8:00 a.m.
6. University of Montevallo; March 3, 1989;
			 9:00 a.m.
7. Alabama State
			 University; March 18, 1989; 5:00 p.m.
8. University of South Alabama; April 20,
			 1989; 2:00 p.m.
Session Schedule II
1. The University of Alabama; October 30,
			 1988; 1:00 p.m.
2. Auburn
			 University; April 20, 1989; 9:00 a.m.
3. Troy State University; May 12, 1989; 10:00
			 a.m.
4. University of South
			 Alabama; April 20, 1989; 2:00 p.m.
5. Alabama State University; April 25, 1989;
			 1:00 p.m.
Session Schedule III 1989
1. The University of Alabama; October 30,
			 1988; 1:00 p.m.
2. Auburn
			 University; April 20, 1989; 9:00 a.m.
3. University of South Alabama; April 20,
			 1989; 2:00 p.m.
Author:
Kay Ivey