C.F.R. » Title 34 » CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION › PART 690—FEDERAL PELL GRANT PROGRAM › Subpart G—Administration of Grant Payments

34 C.F.R. § 690.81

Fiscal control and fund accounting procedures

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(a) An institution shall follow provisions for maintaining general fiscal records in this part and in 34 CFR 668.24(b).

(b) An institution shall maintain funds received under this part in accordance with the requirements in § 668.164.

[50 FR 10724, Mar. 15, 1985, as amended at 53 FR 49147, Dec. 6, 1988; 59 FR 54730, Nov. 1, 1994; 59 FR 61722, Dec. 1, 1994; 61 FR 60397, 60493, Nov. 27, 1996; 86 FR 59626, Oct. 28, 2021]
Notes of Decisions
Cited in 2 cases, 1993–1999 · leading case: United States v. Elizabeth Kammer, 1 F.3d 1161 (11th Cir. 1993).
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United States v. Elizabeth Kammer, 1 F.3d 1161 (11th Cir. 1993). “In fact, 34 C.F.R. § 690.81 (b) states that a “separate bank account for Pell Grant funds is not required.”
Beth Jacob Hebrew Teachers Coll. v. Riley, 73 F. Supp. 2d 262 (E.D.N.Y 1999). “24 (a)-(c); 34 C.F.R. §§ 690.81 -.82 (1994). C. The Requests for Reimbursement In late 1994, Beth Jacob submitted three requests totaling $498,735 to DOE on behalf of its students enrolled on the RTNAI program.”
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