Title: Federal Aid (Student Loans)
103/285 PRF Continuing 20.285 (1) (ma) Yes
All moneys received from the federal government for student loans, work study and educational opportunity grants and other grants to be administered and expended in accordance with the provisions of the federal grant or program to carry out the purposes for which made and received.
Institutions Which Have Budget Authority for This Appropriation:
All institutions except Extension.
Allowable Major Classes of Expense/Revenue:
Salaries, fringe benefits, supplies & expense capital and aid to individuals.
Special Restrictions or Policies/Procedures:
- Position Control Policies
s. 16.505 (1) (c) applies, see Appendix A.
- Budget Control/Transfers/Overdrafts
See FAP - Budget Transfers (F5) for these limitations.
- Activity Code Limitations
Activity 9 is the primary activity for this appropriation. See Activity Codes and Definitions for descriptions.
- State Match Requirement
The amount of state funded student aid (see appropriation 107) must be equal to one ninth of the federal revenue deposited to 147 on a fiscal year basis.
Year-End Instructions (lapse, carry forward, etc.):
The current year budget balance must be lapsed back to the state at the end of the year," while the cash balance moves forward to the new year. The new year budget is increased by encumbrances carried forward to the new year. Refunds of prior year expenditures are deposited in this appropriation using the code of the original expenditure.
Special Instructions on Salaries/Fringe Benefits: