Minn. R. agency 201, ch. 4830, CHILD CARE GRANTS, pt. 4830.7400

Current through Register Vol. 49, No. 24, December 9, 2024

Part 4830.7400 - APPLICATION AND DISTRIBUTION OF FUNDS FOR GRANTS

Subpart 1.Initial allocation formula.

Funds shall be allocated to each eligible institution according to the following formula:

A. the institution's share divided by the sum of participating institutions' shares; and

B. multiplied by the current fiscal year's appropriation for child care grants.

Subp. 2.Yearly allocation to institutions.

Funds shall be allocated to each eligible institution according to the following formula:

A. the institution's share divided by the sum of participating institutions' shares;

B. multiplied by the current fiscal year's appropriation for child care grants;

C. multiplied by the percent of funds for child care grants actually used by the institution during the prior academic year.

Subp. 3.Reallocation.

The office shall reallocate available funds at least twice during the academic year to institutions requesting additional child care grant funds according to the following formula:

A. the institution's share divided by the sum of the shares of institutions requesting additional funds; and

B. multiplied by the amount of child care grant funds available for reallocation.

Subp. 4.Administrative expense.

By July 1 of each year, the office shall set the percentage of awarded child care grant funds that may be used for administration of the child care grant program by the office and the institution. The percent of funds taken for the administration of the child care grant program shall be based on the net amount spent on child care grant awards for that fiscal year.

Subp. 5.Notification.

The office shall notify each participating institution in writing of allocation and reallocation amounts.

Subp. 6.Accountability.

Each participating institution shall be accountable for any funds disbursed to students for child care grants. Funds may be used only during the fiscal year of disbursement. If a student does not use a grant because the student does not enroll or withdraws from the institution, the institution may use the funds for other eligible students or return them to the office.

Subp. 7.Unused funds.

An institution shall return funds that the institution determines will not be used within 30 days from the date of a request by the office. The office shall reallocate unused funds to other participating institutions requesting additional funds.

Subp. 8. [Repealed, 19 SR 1636]

Minn. R. agency 201, ch. 4830, CHILD CARE GRANTS, pt. 4830.7400

14 SR 2789; 15 SR 1925; 19 SR 1636; L 1995 c 212 art 3 s 59; 20 SR 2284; 28 SR 889

Statutory Authority: MS s 14.388; 136A.01; 136A.04; 136A.125; 136A.16; 136A.234