Section 870-RICR-30-00-1.11 - Annual CertificationA. Within six (6) months after the end of each Service Period, a Fellowship Recipient shall submit documentation certifying 1. the amount the Fellowship Recipient has actually incurred and paid in Eligible Expenses;2. that the Fellowship Recipient continues to meet the eligibility requirements throughout the Service Period;3. that the amount sought in Tax Credits does not exceed the original loan amount plus any capitalized interest less any Award previously claimed under the Act and these Rules; and4. that the Fellowship Recipient is current on their student loan repayment obligations.B. The Fellowship Recipient shall also submit such other information as prescribed in the Award Letter, indicating that the requirements necessary for certification of his or her Tax Credit amount have been satisfied.C. Upon a determination that the Fellowship Recipient has met the requirements specified in the Award Letter, the Corporation shall issue an Annual Certification to the Fellowship Recipient providing entitlement to the issuance of a Tax Credit Certificate for a specified year in an amount determined pursuant to the Award Letter.D. An Award for any Service Period in which a Fellowship Recipient fails to timely submit sufficient documentation to the Corporation evidencing satisfaction of the requirements necessary for certification shall be forfeited.E. Forfeiture of a year's credit shall not extend the Eligibility Period.870 R.I. Code R. 870-RICR-30-00-1.11
Amended effective 12/19/2018
Amended effective 4/11/2023