[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR649.63]

[Page 352]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 649--PATRICIA ROBERTS HARRIS FELLOWSHIP PROGRAM--Table of Contents
 
     Subpart G--What Are the Administrative Responsibilities of the 
                              Institution?
 
Sec. 649.63  How does the institution disburse and return funds?

    (a) If a fellow withdraws from an institution before completion of 
an academic term, the institution shall refund to the Secretary a pro-
rated portion of the institutional payment that it received for that 
fellow. The institution shall return the funds to the Secretary at a 
time and in a manner as the Secretary requires.
    (b) An institution shall disburse a stipend to a fellow in 
accordance with its regular payment schedule for graduate assistants, 
but shall not make less than one payment per academic term. If the 
fellowship is vacated or discontinued, the institution shall return 
unexpended funds to the Secretary at a time and in a manner as the 
Secretary requires.
    (c) A fellow who withdraws from an institution before completion of 
an academic term for which he or she received a stipend installment 
shall return a pro-rated portion of the stipend installment to the 
institution at a time and in a manner as the Secretary requires.
    (d) If a fellow first enrolls at an institution in the spring term, 
the institution shall disburse a pro-rated stipend to the fellow and use 
a pro-rated portion of the institutional payment for that fellow and 
shall carry over for disbursement the following academic year the 
remaining portion of the stipend and the institutional payment for that 
fellow.

(Authority: 20 U.S.C. 1134e, 1134f)