Section Ed 804.03 - EFA DisbursementIn addition to the requirements under RSA 194-F:4, VIII, the following shall apply to EFA disbursement:
(a) Beginning in state fiscal year 2023 and every year after, funding shall be disbursed 4-times per state fiscal year, in accordance with RSA 198:40-a and the EFA disbursement schedule in Table 804-2 below: Table 804-1 EFA Disbursement Schedule
EFA Funds Available | Allocated funds to be disbursed state fiscal year | Per Student Application Verified an Reported to the Department by: |
September 1 | 20% | August 2 |
November 1 | 20% | October 2 |
January 1 | 30% | December 2 |
April 1 | 30% | March 2 |
(b) Applications in Ed 805.01 may be submitted to the scholarship organization throughout the year on a rolling basis, but shall be confirmed complete by the scholarship organization before a parent, guardian, or EFA student shall have access to EFA account funds.N.H. Admin. Code § Ed 804.03
Derived from Volume XLII Number 10, Filed March 10, 2022, Proposed by #13345, Effective 2/22/2022, Expires 2/22/2032