Fee Generated Adult and Vocational Student Financial Aid

 

DEPARTMENT OF EDUCATION

State Board of Education

RULE NO.:RULE TITLE:

6A-20.036Fee Generated Adult and Vocational Student Financial Aid

NOTICE OF CHANGE

Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 42 No. 159, August 16, 2016 issue of the Florida Administrative Register.

(1) All financial aid fees collected from the optional financial aid fee authorized in section 1009.22(5), F.S., shall:

(a) Be deposited in the district’s Financial Aid Fee Trust Fund, which is the separate workforce education student financial aid trust fund. Revenue in this fund is to be used to pay in full or in part the fees of persons with demonstrated financial need. Funds used to pay students’ fees shall be transferred from the Financial Aid Fee Trust Fund to the district’s General Fund. Districts may implement an alternative accounting procedure in which financial aid fees are recorded in a discrete General Fund account which is subsequently reduced as these monies are used to pay course fees.

(b) No change.

(2) through (5) No change.