[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR654.60]

[Page 361]
 
                           TITLE 34--EDUCATION
 
             CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION,
                         DEPARTMENT OF EDUCATION
 
PART 654--ROBERT C. BYRD HONORS SCHOLARSHIP PROGRAM--Table of Contents
 
         Subpart G--What Post-Award Conditions Must an SEA Meet?
 
Sec. 654.60  What requirements must an SEA meet in the administration of this program?


    (a) To receive and continue to receive payments under this part, an 
SEA shall--
    (1) Comply with the criteria, procedures, and assurances in its 
approved participation agreement;
    (2) Disburse the scholarship funds in accordance with Sec. 654.50 to 
the scholar, the institution of higher education in which the scholar 
enrolls, or copayable to the scholar and the institution of higher 
education in which the scholar enrolls;
    (3) Collect any scholarship funds improperly disbursed under 
Sec. 654.50;
    (4) Make reports to the Secretary that the Secretary deems necessary 
to carry out the Secretary's functions under this part; and
    (5) Except as provided in paragraph (b) of this section, expend all 
funds received from the Secretary for scholarships during the award 
period specified by the Secretary for those funds.
    (b) After awarding all scholarship funds during an award year, as 
required by paragraph (a)(5) of this section, an SEA may retain any 
funds that are subsequently returned or collected for scholarship awards 
in the following award period.

(Approved by the Office of Management and Budget under control number 
1840-0612)

(Authority: 20 U.S.C. 1070d-33, 1070d-35)

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