[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR650.43]



[Page 345]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 650_JACOB K. JAVITS FELLOWSHIP PROGRAM--Table of Contents

 

     Subpart E_What Are the Administrative Responsibilities of the 

                              Institution?

 

Sec. 650.43  How are disbursement and return of funds made?



    (a) An institution shall disburse a stipend to a fellow no less 

frequently than once per academic term. If the fellowship is vacated or 

discontinued, the institution shall return any unexpended funds to the 

Secretary at such time and in such manner as the Secretary may require.

    (b) If a fellow withdraws from an institution before completion of 

an academic term, the institution shall refund to the Secretary a 

prorated portion of the institutional payment that it received with 

respect to that fellow. The institution shall return those funds to the 

Secretary at such time and in such manner as the Secretary may require.

    (c) A fellow who withdraws from an institution before completion of 

an academic term for which the fellow received a stipend installment 

shall return a prorated portion of the stipend installment to the 

institution at such time and in such manner as the Secretary may 

require.



(Authority: 20 U.S.C. 1134b)