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The Secretary may possibly call for an establishment to keep up title IV, HEA application resources within a individual depository account which contains no other funds If your Secretary establishes which the establishment didn't adjust to—
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The foremost distinction between fund statements and federal government-vast statements relates to taxes and grants which have not satisfied the “accessible” conditions. Governments must track such revenues underneath the modified accrual and accrual procedures.
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(B) A previous year is any bank loan period or award year just before The present bank loan interval or award calendar year, as relevant.
The objective of IAS 34 should be to prescribe the minimum content of an interim economic report and also to prescribe the ideas for recognition and measurement in economic statements introduced for an interim interval.
The Secretary might pay back title IV, HEA credit history balances below paragraphs (h) and (m) of the segment directly to a student or guardian making use of a method established or approved because of the Secretary and released within the Federal Sign-up.
(1) Demanding the institution to reimburse the Secretary for The prices the Federal government incurred in furnishing that extra cash to your institution; and
To effectuate this provision, an establishment might share info linked to pupils' enrollment position With all the economical institution or entity that is certainly party into the arrangement.
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