(ii) Keep, continually, cash in its depository account in an amount of money no less than equal to the amount of funds the institution holds on behalf of the scholar or perhaps the father or mother; and

Apart from money furnished by the Secretary for administrative bills, and for money employed for The work Locale and Growth Program beneath 20 CFR aspect 675, subpart B, resources obtained by an institution under the title IV, HEA plans are held in rely on with the meant beneficiaries or perhaps the Secretary. The institution, like a trustee of All those cash, may not use or hypothecate (

Cash relapsed into habit just after being administered painkillers for a serious abdominal injury in 1983 a result of an incident by which he was kicked and wounded by an ostrich on his farm.[101]

(iii) A card or Resource that is definitely presented to the student for institutional functions, for instance a college student copyright, is validated, enabling the student to make use of the unit to obtain a economical account.

Revenues which have been obtained seasonally, cyclically or from time to time in a money 12 months shouldn't be expected or deferred as of the interim day, if anticipation or deferral wouldn't be correct at the end of the economic yr. [IAS 34.37]

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(i) Establish the quantity of funds the establishment holds for every university student or parent in a subsidiary ledger account suitable for that reason;

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(vi) Be sure that the coed accountholder can execute stability inquiries and entry money deposited within the economical accounts by way of surcharge-totally free in-community ATMs adequate in selection and housed and serviced these that the cash are reasonably accessible to the accountholder, here like at the periods the institution or its third-bash servicer helps make immediate payments into them;

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(B) Aside from a general public establishment situated in a Point out or maybe a international establishment, filing with the appropriate State or municipal federal government entity a UCC-one statement disclosing the depository account is made up of Federal funds and preserving a copy of that statement.

In 1984, Cash unveiled a self-parody recording titled "The Chicken in Black" about Cash's brain currently being transplanted right into a hen and Cash getting a financial institution robber's Mind in return. Biographer Robert Hilburn, in his 2013 book Johnny Cash: The Daily life, disputes the declare made that Cash chose to document an intentionally very poor music in protest of Columbia's therapy of him. On the contrary, Hilburn writes, it had been Columbia that introduced Cash with the tune, which Cash – who had Formerly scored big chart hits with comedic substance for example "A Boy Named Sue" and "A single Piece at any given time" – approved enthusiastically, executing the track live to tell the tale phase and filming a comedic new music video by which he dresses up within a superhero-like financial institution-robber costume.

(three) If a Check out sent to some pupil or father or mother just isn't returned for the institution but just isn't cashed, the institution will have to return the cash for the Secretary no later than 240 times after the day it issued the Check out.

(i) The establishment communicates information and facts on to its pupils with regards to the economical account And exactly how it could be opened;