.06 Payment Remittance.

A. The Commission shall require an institution to return to the Commission any overpayments of EEA Program funds that were not awarded and paid consistent with statute and regulation.

B. Except as provided in §C of this regulation, the institution may elect to remit payment to the Commission in one of the following ways:

(1) A check payable to the Maryland Higher Education Commission;

(2) Electronic Funds Transfer (EFT); or

(3) Deduction from the initial payment from the Commission to the institution in the subsequent award year.

C. If the return of funds relates to the Campus Based EEA Program, then the institution shall return the funds to the Commission by check.

D. The Commission may discontinue an institutionís eligibility to participate in the EEA Program if the institution fails to return funds pursuant to §A of this regulation within the time frame specified by the Commission.