Section 2761.40  Institutional Procedures

a)         The application form constitutes the institution's request for payment of first term benefits.  Institutions shall submit a payment request for payment of subsequent terms.

b)         When requesting payment of scholarship funds, the institution shall certify that the recipient is:  a U.S. citizen or eligible noncitizen; a resident of Illinois; of good moral character; accepted for enrollment on at least a half-time basis; not the recipient of a baccalaureate degree.

c)         Upon receipt of scholarship funds, the institution shall verify the recipient's enrollment status.  If the recipient is enrolled, the institution may credit the funds to the recipient's account for expenses due and payable.  The balance of the funds shall be released to the recipient.

d)         If the recipient has withdrawn from enrollment or drops to less than half-time enrollment prior to receiving funds, the institution shall notify ISAC to prevent payment processing or, if funds have been received by the institution, the institution shall return the full amount of the funds to ISAC.

e)         To provide sufficient time for processing and vouchering through the State Comptroller's Office in Springfield, all payment requests except for summer term must be received by ISAC no later than July 1.  Summer term payment requests must be received no later than July 31.

(Source:  Amended at 30 Ill. Reg. 11674, effective July 1, 2006)