W. Va. Code R. § 133-42-13

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 133-42-13 - Accounting, Reporting, and Auditing Requirements

13.1. Before the end of each fiscal year, each institution's financial aid office must reconcile its Higher Education Grant records with:

13.1.1. The Commission's records of Higher Education Grant awards and disbursements; and

13.1.2. The institution's business office records of any grant disbursements by the Commission or the Council.

13.2. All participating institutions may be required to provide reports, which may include student level data, to the Commission from time to time, including the United States Department of Education's Fiscal Operations Report and Application to Participate (FISAP) and the West Virginia Higher Education Policy Commission's Annual Student Financial Aid Report.

13.3. All participating institutions are subject to financial aid audits.

W. Va. Code R. § 133-42-13