[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR691.61]

[Page 917]
 
                           TITLE 34--EDUCATION
 
 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
 
PART 691_ACADEMIC COMPETITIVENESS GRANT (ACG) AND NATIONAL SCIENCE AND 
 
                    Subpart F_Determination of Awards
 
Sec. 691.61  Submission process and deadline for a Student Aid Report or 


Institutional Student Information Record.

    (a) Submission process. (1) Except as provided in paragraph (a)(2) 
of this section, an institution must disburse an ACG or a National SMART 
Grant to a student who is eligible under Sec. 691.15 and is otherwise 
qualified to receive that disbursement and electronically transmit 
disbursement data to the Secretary for that student if--
    (i) The student submits a valid SAR to the institution; or
    (ii) The institution obtains a valid ISIR for the student.
    (2) In determining a student's eligibility to receive a grant under 
this part, an institution is entitled to assume that the SAR information 
or ISIR information is accurate and complete except under the conditions 
set forth in 34 CFR 668.16(f) and 668.60.
    (b) Student Aid Report or Institutional Student Information Record 
deadline. Except as provided in the verification provisions of 34 CFR 
668.60 and the late disbursement provisions of 34 CFR 668.164(g) of this 
chapter, for a student to receive a grant under this part in an award 
year, the student must submit the relevant parts of the valid SAR to his 
or her institution or the institution must obtain a valid ISIR by the 
earlier of--
    (1) The last date that the student is still enrolled and eligible 
for payment at that institution; or
    (2) By the deadline date established by the Secretary through 
publication of a notice in the Federal Register.

(Authority: 20 U.S.C. 1070a-1)