The bureau should implement and enforce policies, procedures, and sanctions to ensure that institutions submit to the bureau the recovery fund assessments that they collect from students so that the institutions are not unjustly enriched.
Procedure #2014-0011 STRF Delinquent Invoice Notice is included as Attachment #23. The procedures include follow-up with institutions that don't submit STRF assessment forms timely.
The Bureau began a new process in August 2014. Under the new process, the Bureau sent STRF deliquent letters to all instituions that had not paid their quarterly assessment. The Bureau is working on draft procedures to ensure this process continues on a quarterly basis. (See Attachment #33)
The Bureau is beginning to draft procedures for better monitoring of STRF payments. The procedures will include requesting a report of institutional STRF payments and referral to enforcement for those institutions that have not paid. This is the responsibility of the Bureau Chief.
Agency responses received are posted verbatim.