15-70-05. Reporting by recipient institutions - Failure to report

15-70-05. Reporting by recipient institutions - Failure to report Each institution receiving a grant under this chapter shall submit to the legislative council a report detailing the expenditures of the grant funds received by the institution under this chapter, a copy of the institution's latest audit report, and documentation of the enrollment status of each student on whose account financial assistance under this chapter is sought. Any institution that fails to meet the requirements of this section is ineligible to receive future grants under this chapter until the institution submits the required information.