74-32,427. Payment of grants; times and method; disposition upon discontinued attendance of an eligible student; career technical workforce grant discontinued attendance fund. (a) Payments to an eligible student of a career technical workforce grant shall be made at times specified by the board of regents upon vouchers approved by its designated administrative officer and upon warrants of the director of accounts and reports. Payments of a career technical workforce grant may be made by the issuance of a single warrant to each designated educational institution at which an eligible student is enrolled for the total amount of career technical workforce grants for all eligible students enrolled at that institution. The director of accounts and reports shall cause such warrant to be delivered to the designated educational institution at which the eligible student is enrolled. Upon receipt of such warrant, the designated educational institution shall credit immediately the account of each eligible student enrolled at that institution by an amount specified by the board of regents for each such eligible student.
(b) If an eligible student discontinues attendance before the end of an eligible career technical education program or program term, after the designated educational institution has received payment under this section, the designated educational institution shall pay to the state: (1) The entire amount which the eligible student would otherwise qualify to have refunded not to exceed the amount of the payment made under the career technical workforce grant; or (2) if the eligible student has received payments under any federal program of student assistance, the state's pro rata share of the entire amount which the eligible student would otherwise qualify to have refunded, not to exceed the amount of the payment made under the career technical workforce grant.
(c) All amounts paid to the state by a designated educational institution under subsection (b) shall be deposited in the state treasury and credited to the career technical workforce grant discontinued attendance fund which is hereby established. All expenditures from the career technical workforce grant discontinued attendance fund shall be for career technical workforce grants. On the effective date of this act, the vocational education scholarship discontinued attendance fund is hereby redesignated as the career technical workforce grant discontinued attendance fund.
History: L. 1986, ch. 355, § 5; L. 2012, ch. 168, § 5; July 1.
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