The purpose of this amendment is to update the Free Application for Federal Student Aid incorporated by reference. The effect will be a rule which is consistent with governing law.

 

DEPARTMENT OF EDUCATION

State Board of Education

RULE NO.:RULE TITLE:

6A-20.023Jose' Marti Scholarship Challenge Grant Fund

PURPOSE AND EFFECT: The purpose of this amendment is to update the Free Application for Federal Student Aid incorporated by reference. The effect will be a rule which is consistent with governing law.

SUMMARY: This amendment updates the Free Application for Federal Student Aid incorporated by reference.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION: The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: No requirement for SERC was triggered under section 120.541(1), F.S., and based on past experiences with rules that affect student financial assistance programs, there will be no impact on small businesses. The adverse impact or regulatory cost, if any, does not exceed nor would be expected to exceed, any one of the economic analysis criteria set forth in section 120.541(2)(a), F.S.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 1001.02(1), 1009.72(1), FS.

LAW IMPLEMENTED: 1009.40, 1009.72, FS.

A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: February 18, 2016, 9:00 a.m.

PLACE: Room LL03, The Capitol, 400 South Monroe Street, Tallahassee, Florida

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Brian Underhill, Director, State Scholarships and Grants, Finance and Operations, Office of Student Financial Assistance, 325 West Gaines St., Suite 1314, Tallahassee, FL 32399, [phone] or e-mail: [e-mail]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

6A-20.023 Jose Marti Scholarship Challenge Grant Fund.

(1) through (a) No change.

(b) Complete and submit annually, a need analysis form known as the Free Application for Federal Student Aid or FAFSA, July 1, 2016 2012 – June 30, 2017 2013, and incorporated herein by reference, in time to be processed error-free by May 15. The Free Application for Federal Student Aid (http://www.flrules.org/Gateway/reference.asp?No=Ref-00991) form is available at www.fafsa.gov.

(c) through (9) No change.

(10) Award distribution. The dDepartment shall make awards based on the annual appropriation and the amount of contributions received by the dDepartment. Priority in the distribution of funds will be as follows:

(a) through (e) No change.

(11) Institutional responsibilities. Participating institutions shall verify the continued eligibility of awarded students, provide for the disbursement of funds to students, and comply with the dDepartment’s reporting requirements. Within thirty (30) days of the end of the regular registration period each term, the institution shall notify the dDepartment of the eligibility status of each awarded student. The institution shall remit refunds and submit accompanying documentation to the dDepartment within sixty (60) days of the end of the institution’s regular registration period. For supplemental awards, the institution will notify the dDepartment of the eligibility status of awarded students within thirty (30) days of the date that the warrant was mailed by the dDepartment. Refunds and accompanying documentation shall be received by the dDepartment within sixty (60) days of the date that the warrant was mailed by the dDepartment.

(12) Award procedures. The dDepartment shall notify students and institutions of the students’ eligibility for awards, and shall provide for the delivery of funds to students by transmitting funds each academic term to the institutions for distribution.

(13) Contributions from private sources. Scholarship contributions to the Jose Marti Scholarship Challenge Grant Fund from private sources may be accepted by the dDepartment and deposited in the State Student Financial Assistance Trust Fund.

Rulemaking Authority 1001.02(1), 1009.72(1) FS. Law Implemented 1009.40, 1009.72 FS. History–New 12-28-86, Amended 5-16-90, 2-15-95, 10-15-02, 9-22-08, 3-22-12,

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Linda Champion, Deputy Commissioner, Finance and Operations

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Pam Stewart, Commissioner, Department of Education

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: January 12, 2016

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: September 23, 2015