Section 20.16.021. Institutional eligibility and responsibilities.

	(a)  An institution eligible to participate in the Alaska education grant program is described in AS 14.43.415(a)(2)(A), and must  
		(1) repealed 2/22/2015;  
		(2) repealed 10/3/2011;  
		(3) be physically located in this state; and  
		(4) enter into a program participation agreement with the commission, and provide the commission with documentation and information the commission considers necessary to determine whether the school is eligible to participate, including  
			(A) documentation of participation in a method of electronic funds transfer approved by the commission;  
			(B) documentation of compliance with state and federal statutes and regulations relevant to institutional financial, administrative, and academic capacity;  
			(C) periodic reports to the commission as needed by commission staff to reconcile and analyze grant program data;  
			(D) agreement to verify and certify student eligibility for grant awards; and  
			(E) agreement to allow commission staff to audit school records related to grant money management and student eligibility determinations, as determined necessary by the commission.  
	(b)  An institution that is otherwise eligible to participate in the Alaska education grant program becomes ineligible upon failure to submit required reconciliation reports or related documentation to the commission, or a commission audit finding that the institution is ineligible because the institution lacks the financial, administrative, or academic capacity to successfully administer the grant program.  
	(c)  For purposes of this section, a commission audit finding that an institution lacks the financial, administrative, or academic capacity to appropriately administer the grant program includes a finding of institutional fraud, an inability to document the institution's procedures for grant funds management, or a consistent and sustained institutional failure to adhere to regulations and policies governing the grant program.  

Authorities

14.42.030;14.43.405;14.43.415

Notes

Reference

20 AAC 16.005
20 AAC 16.010

Authority

AS 14.42.030 AS 14.43.405 AS 14.43.415

History

Eff. 2/20/2005, Register 173; am 10/3/2011, Register 200; am 11/16/2012, Register 204; am 4/4/2013, Register 206; am 2/22/2015, Register 213