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Ohio Laws and Rules
The following terms are used with the same meanings throughout this chapter:
(A) “Minority” refers to a person with significant ancestry from the following areas:
(1) Africa, excluding the Middle East;
(2) Asia, excluding the Middle East;
(3) Central America and the Caribbean Islands;
(4) South America;
(5) The islands of the Pacific Ocean.
(6) In addition, the term includes persons with significant ancestry from the original peoples of North America who are of non European descent.
(B) “Tier one scholarship commitment” means a commitment by the board to award scholarship moneys to either an Ohio resident minority student or an Ohio resident student demonstrating financial need who is enrolled full time at an accredited college or university in Ohio. “Ohio resident” shall have the meaning defined in paragraph (G) of this rule.
(C) “Tier one scholarship grant” means an award of scholarship moneys by the board to a qualifying student who was previously awarded a tier one scholarship commitment.
(D) “Tier two grant” means either of the following:
(1) An amount determined by the board to support minority CPA development and recruitment programs that have been approved by the board.
(2) An award of scholarship funds to qualifying colleges and universities in Ohio with five-year degree programs as defined in paragraph (F) of this rule.
(E) “Fifth year of an individual program of study” is defined as meeting all of the following criteria:
(1) An individual program of study, where the college or university in which the student is enrolled takes responsibility that completion of the fifth year of the individual program of study by the student will meet the educational requirement outlined in division (D)(1)(b) of section 4701.06 of the Revised Code.
(2) The student must have completed a minimum of one hundred twenty semester hours of academic credit.
(F) “Five-year degree program” is an official college or university integrated program of study approved by the board.
(G) An “Ohio resident,” for the purposes of this chapter, is an individual that is a United States citizen or permanent resident who is classified, or would be classified, as an Ohio resident for tuition purposes at an Ohio college or university.
Effective: 07/16/2009
R.C. 119.032 review dates: 04/29/2009 and 07/16/2014
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 6/2/94, 9/19/94, 9/23/99, 5/7/03, 1/16/07
(A) The criteria that must be met in order for an applicant to qualify for a tier one scholarship commitment are as follows:
(1) The applicant must be a minority student, defined in paragraph (A) of rule 4701-17-01 of the Administrative Code, or a student demonstrating financial need. The board will set the criteria for defining financial need and may use the federal methodology as established in the “Free Application for Federal Student Aid (FAFSA)” to assist it in determining such criteria.
(2) The applicant must be enrolled as a student in an accredited Ohio college or university.
(3) The applicant must be of sophomore, junior, or senior standing as defined by the college or university. An applicant may apply for a scholarship commitment more than once, but the applicant cannot receive more than one scholarship grant.
(4) The applicant must have declared a major in accounting or be enrolled in a program that, upon completion, would meet the educational requirements described in division (D)(1)(b) of section 4701.06 of the Revised Code and rule 4701-3-03 of the Administrative Code.
(5) The applicant must be a student who is academically in good standing as defined by the college or university.
(6) The applicant is an Ohio resident as defined in paragraph (G) of rule 4701-17-01 of the Administrative Code.
(B) The applicant’s college or university must certify on the commitment application that the applicant meets the eligibility criteria outlined in paragraph (A) of this rule.
(C) Tier one scholarship commitments made to seniors are valid for three calendar years from the date of the award. Tier one scholarship commitments made to juniors are valid for four calendar years from the date of the award. Tier one scholarship commitments made to sophomores are valid for five calendar years from the date of the award.
(D) The minimum criteria that must be met in order for a student to receive tier two grant money awarded to a college or university are as follows:
(1) The student must be enrolled in a five-year degree program defined in paragraph (F) of rule 4701-17-01 of the Administrative Code.
(2) The student must be academically in good standing as defined by the college or university.
(3) The college or university must require that the student demonstrate financial need in accordance with the methodology in paragraph (A)(1) of this rule.
(E) A college or university may set criteria for tier two scholarships in addition to those outlined in paragraph (D) of this rule.
Effective: 01/16/2007
R.C. 119.032 review dates: 10/24/2006 and 01/16/2012
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 6/2/94, 9/19/94, 3/19/98, 1/1/99, 9/23/99, 5/7/03, 7/31/03
(A) Qualifying minority and other applicants who demonstrate a financial need must meet the following criteria to be eligible for tier one scholarship grants:
(1) The board has awarded the applicant a valid scholarship commitment that has not expired.
(2) The applicant must have completed one hundred twenty semester credit hours prior to the college term for which the first payment is to be received.
(3) The applicant must be enrolled in either of the following:
(a) A five-year degree program as defined in paragraph (F) of rule 4701-17-01 of the Administrative Code, or
(b) The fifth year of an individual program of study as defined in paragraph (E) of rule 4701-17-01 of the Administrative Code.
(B) Tier one scholarship grants are valid at any Ohio college or university.
(C) Tier one scholarship grants are to be disbursed to an Ohio college or university by the Board upon receipt of the following:
(1) An official invoice to the applicant from the college or university listing scheduled courses that certifies enrollment for a specific educational term.
(2) A certification by the Ohio college or university that the requirements outlined in paragraph (A)(2) of this rule are met by the applicant.
(3) A certification by the student that the student will sit for the CPA examination within two years of the date of the final scholarship grant payment. The student must agree to reimburse the board for any scholarship grant funds received if the student fails to sit for the CPA examination within the two-year time period.
(D) Scholarship grants are valid for one year. If a grant recipient fails to exercise the grant during the one-year period, the grant will expire. If a grant recipient exercises the grant and receives a payment, the grant will expire one year after the date of the payment.
Effective: 09/14/2007
R.C. 119.032 review dates: 06/29/2007 and 09/14/2012
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 6/2/94, 1/1/99, 9/23/99, 5/4/01, 5/7/03, 1/16/07
(A) The procedure for tier one scholarships is as follows:
(1) Tier one scholarship commitments have priority over tier two grants.
(2) Tier one scholarship commitments cannot exceed the total of available funds designated by the board for that year.
(3) The amount of a tier one scholarship commitment shall not exceed the annualized maximum in-state tuition charged by a state-supported Ohio university.
(4) A scholarship grant cannot be used for college coursework in excess of that required by division (D)(1)(b) of section 4701.06 of the Revised Code.
(5) A scholarship grant shall not exceed either the commitment amount, or the student’s actual tuition less any other financial aid, whichever is less.
(6) Scholarship grants are prorated over two semesters or three quarters. There is no carryover of unused funds allocated for an academic term to any subsequent term.
(B) The procedure for tier two grants to colleges and universities is as follows:
(1) During the last quarter of each fiscal year, the board will determine the funds available for tier two grants.
(2) Tier two scholarship commitments will be awarded only to Ohio colleges and universities that have five-year degree programs as defined in paragraph (F) of rule 4701-17-01 of the Administrative Code.
(3) Tier two grants shall be based primarily upon the average number of students from each Ohio college or university that meets the provisions of paragraph (B)(2) of this rule, who passed each section of the CPA examination during a one-year period for the three previous years. The amount of the grants shall be approved by the board.
(4) Each college or university will determine the process by which tier two grants will be awarded to qualifying students. However, the students receiving tier two scholarships shall be selected by the chair of the department of accounting or other appropriate official designated by the chief executive officer of the college or university.
(C) The total dollar amount of outstanding current tier one scholarship commitments plus tier two grants shall not exceed the dollar amount in the education assistance fund as of the date of the commitments or grants, without regard to estimated future income.
(D) Each college or university that receives tier two grants shall report annually to the board a summary of grants awarded through the institution and the amounts yet to be awarded. The college or university must submit the report to the board no later than May fifteenth of each year. A college or university that fails to submit a report for the previous year will not be eligible for tier two grants until the report is submitted. The college must notify the board of any changes to its report related to the students eligible for tier two moneys and situations in which disbursed or previously allocated funds were not used for student support. Failure to allocate all tier two grant funds within twelve months of receipt will result in the institution being ineligible to receive further grants.
Effective: 01/16/2007
R.C. 119.032 review dates: 10/24/2006 and 01/16/2012
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 6/2/94, 3/16/98, 9/23/99, 5/4/01, 5/7/03, 7/31/03
(A) After all tier one commitments have been awarded, and if there remain available funds, the board will announce to qualifying Ohio colleges and universities the availability of tier two scholarship grants. The board shall mail an announcement to appropriate college or university officials, including the following:
(1) The chair of the department of accountancy or equivalent position, and
(2) The person in charge of the student financial aid programs administered by the college or university.
(B) The board shall also maintain a list of Ohio high schools and other organizations that wish to receive information concerning tier one scholarship commitments.
(C) The board must approve any payment from the education assistance fund for necessary expenses related to the education assistance program other than tier one scholarship grants defined in paragraph (C) of rule 4701-17-01 of the Administrative Code, or tier two grants defined in paragraph (D) of rule 4701-17-01 of the Administrative Code.
Effective: 01/16/2007
R.C. 119.032 review dates: 10/24/2006 and 01/16/2012
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 6/2/94, 8/3/98, 1/1/99, 9/23/99, 5/7/03
The board, in accordance with the provisions of division (H)(1) of section 4701.10 of the Revised Code, shall increase the triennial Ohio permit and Ohio registration fee, imposed pursuant to divisions (A) and (B) of section 4701.10 of the Revised Code, by a total of thirty dollars. The board may prorate this amount in cases where it issues permits for less than three years. The total amount of these additional fees shall be designated for deposit in the certified public accountant education assistance fund, in accordance with the provisions of division (H)(2) of section 4701.10 of the Revised Code.
Effective: 01/03/2007
R.C. 119.032 review dates: 09/22/2006 and 01/03/2012
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 11/4/94, 4/4/03