876 IAC 6-1-9 - Payments of bond proceeds
Authority: IC 25-34.1-2-5
Affected: IC 25-34.1-5
Sec. 9.
(a) If the
commission does not allow completion of a course under section 7 of this rule
or if a course cannot be completed by the school for any other reason, each
student enrolled in the course, who has a valid legal cause of action against
the school, would be entitled to reimbursement for the enrollment fee and the
cost of any required text or material if not included in the enrollment fee
(provided the student presents proof of payment in connection with the
uncompleted course) from the school's bond proceeds if said money cannot be
recovered from the school.
(b)
Because the commission is obligee under the bonds of schools, payments from the
proceeds of the bond shall be distributed to qualifying students by direction
of the commission.
Notes
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