§ 121.48. Limitation on payment of grants.
The Agency will not make payment of, or further payment on, an existing State higher education grant on the basis of an inquiry or request received after August 1 of the calendar year immediately following the academic year for which the payment is sought unless the President and Chief Executive Officer specifically directs that payment be made to prevent grave hardship.
Authority The provisions of this § 121.48 amended under section 4 of the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. § 5104); sections 1 and 6(e) of the act of January 25, 1966 (P. L. 1546, No. 541) (24 P. S. § § 5151 and 5156(e)); The Institutional Assistance Grants Act (24 P. S. § § 5181—5189); the Urban and Rural Teacher Loan Forgiveness Act (24 P. S. § § 5191—5197); and the Agriculture Education Loan Forgiveness Act (24 P. S. § § 5198.1—5198.7).
Source The provisions of this § 121.48 adopted February 27, 1969; reserved February 16, 1973, effective February 17, 1973, 3 Pa.B. 325; added August 22, 1975, effective August 23, 1975, 5 Pa.B. 2189; amended August 4, 2000, effective August 5, 2000, 30 Pa.B. 3924; amended July 31, 2015, effective August 1, 2015, 45 Pa.B. 4163. Immediately preceding text appears at serial page (268179).
Cross References This section cited in 22 Pa. Code § 121.151 (relating to application of existing Agency regulations).
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