Kan. Admin. Regs. § 88-22-10 - Failure to satisfy obligations; repayment; interest
A failure to satisfy the obligation occurs when a scholarship recipient does not fulfill an obligation assumed under the teacher scholarship agreement and when that recipient does not meet the circumstances set out in K.S.A. 74-32,105(a) for postponement, or the circumstances set out in K.S.A. 74-32,105(b) for satisfaction. Such a failure invokes an obligation to repay. Repayment shall occur in the following manner.
(a)
Payments shall be made to the executive officer.
(b) The amount owed shall be equal to the
amount of scholarship funds received in addition to interest at the rate of
fifteen percent annually.
(c) If
the recipient has a total obligation to teach for more than one year, and he or
she teaches for one school year, or two semesters, the first agreement will be
the first discharged.
(d) Teaching
for time periods of less than one school year, or less than two semesters, will
not reduce the time the recipient is obligated to teach.
(e) Teaching part-time, including substitute
teaching arrangements, in a hard-to-fill discipline may satisfy the agreement
on a proportional basis.
(f)
Repayment may be by installment pursuant to the terms of the agreement and
under the following conditions.
(1) The first
installment shall be due six months after the date of the action or
circumstance which causes the failure of the recipient to satisfy an
obligation, as determined by the executive officer based upon the circumstances
of each individual case.
(2) A
payment schedule shall be provided by the executive officer which specifies
payments adequate to repay the total of all scholarship funds received plus
statutory interest within five years.
Notes
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