Section R. 390.905 - Responsibilities of participating schoolRule 5. A participating school is responsible for all of the following activities:
(a) Selecting eligible student recipients using institutional criteria in addition to the student eligibility requirements described in section 4 of the act.(b) Awarding scholarships to eligible student recipients.(c) Sending completed student recipient "scholarship agreement and promissory note" forms to the authority by program due date.(d) Reporting scholarship expenditures and related data to the authority on a timely basis.(e) Refunding unused scholarship program funds promptly at the end of each fiscal year.Mich. Admin. Code R. 390.905