[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR650.43]

[Page 360]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 650--JACOB K. JAVITS FELLOWSHIP PROGRAM--Table of Contents
 
     Subpart E--What Are the Administrative Responsibilities of the 
                              Institution?
 
Sec. 650.43  How are disbursement and return of funds made?

    (a) An institution shall disburse a stipend to a fellow no less 
frequently than once per academic term. If the fellowship is vacated or 
discontinued, the institution shall return any unexpended funds to the 
Secretary at such time and in such manner as the Secretary may require.
    (b) If a fellow withdraws from an institution before completion of 
an academic term, the institution shall refund to the Secretary a 
prorated portion of the institutional payment that it received with 
respect to that fellow. The institution shall return those funds to the 
Secretary at such time and in such manner as the Secretary may require.
    (c) A fellow who withdraws from an institution before completion of 
an academic term for which the fellow received a stipend installment 
shall return a prorated portion of the stipend installment to the 
institution at such time and in such manner as the Secretary may 
require.

(Authority: 20 U.S.C. 1134b)