[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: 34CFR691.76]

[Page 922-923]
 
                           TITLE 34--EDUCATION
 
 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
 
PART 691_ACADEMIC COMPETITIVENESS GRANT (ACG) AND NATIONAL SCIENCE AND 
 
               Subpart G_Administration of Grant Payments
 
Sec. 691.76  Frequency of payment.

    (a) In each payment period, an institution may pay a student at such 
times and in such installments as it determines will best meet the 
student's needs.

[[Page 923]]

    (b) The institution may pay funds in one lump sum for all the prior 
payment periods for which the student was eligible under Sec. 691.15 
within the award year. The student must have completed the prior payment 
period as a full-time student.

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