64E-23.003. Payment (Transferred)  


Effective on Tuesday, January 7, 2003
  • 1(1) The department will provide for the delivery of funds directly to the federal or state program, or commercial lending institution, or holder of the program participant’s loan principle, on behalf of the program participant, by use of the Loan Principle Repayment Invoice, DH 1934, 06/02, which is incorporated by reference and available from the department, requesting the State Comptroller to issue warrants made payable to the federal or state program, or commercial lending institution, or holder of the program participant’s loan principle and forwarded to the federal or state program, commercial lending institution, or holder of the program participant’s loan principle.

    103(a) The Loan Principle Repayment Invoice will be mailed to program participants, by the department, within 30 days before the ending date, each year, of the program participant’s employment years.

    133(b) The program participant’s Loan Principle Repayment Invoice must be received by the department, each year, no later than 30 days after the start of the program participant’s next employment year, in order for payment to be made.

    171(2) Program participants must maintain the payment schedule agreed upon with the federal or state program, commercial lending institution, or holder of the program participant’s loan, while enrolled in the program.

    202Specific Authority 2041009.66 FS. 206Law Implemented 2081009.66 FS. 210History–New 3-10-02, Amended 1-7-03.

     

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