Section 2776.40  Institutional Procedures

a)         In addition to complying with the application and renewal procedures in Section 2776.20, qualified community foundations will be responsible for administering and making awards to qualified workers in compliance with the following requirements:

1)         Establish an application process for qualified workers that considers the qualified worker eligibility criteria listed in Section 2776.15;

2)         Establish a process to give priority to applicants with a higher student debt-to-income ratio if necessary due to limited funds;

3)         Establish work requirements in accordance with the Workforce Development through Charitable Loan Repayment Act outlined in the qualified worker definition listed in Section 2776.15;

4)         Certify the eligibility of qualified workers to receive student loan repayment assistance;

5)         Determine any additional requirements for participation that are not inconsistent with the Workforce Development through Charitable Loan Repayment Act this Part, or the administrative rules of the Department of Revenue.

b)         A qualified community foundation shall promptly provide ISAC with any materials requested by ISAC relating to its operations and administration of the Program.