R765-620-6. Distribution of Award Funds to Institutions

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  6.1. As a condition of program participation, an eligible institution's financial aid director will report to the Board the total dollar amount of Federal Pell Grant funds awarded to resident students at the institution for the most recently completed academic year by March 1 each year.

  6.1.1. An institution that fails to report the total amount of Pell Grant funds by March 1 is ineligible to participate in the program for the next fiscal year.

  6.2. The Board will allocate program funds to eligible institutions in proportion to each eligible institution's percentage the of total Federal Pell Grant funds received for Utah resident students in the most recently completed award year by all participating institutions.

                    
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