<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".07" citation="COMAR 13B.08.02.07" title_num="13B" subtitle_num="08" chapter_num="02" heading="Employment Obligations of Award Recipients.">
  <paragraph num="A.">
    <text>A recipient shall furnish the Office of Student Financial Assistance (OSFA) with written acceptance of the award and sign a promissory note and employment obligation agreement with OSFA.</text>
  </paragraph>
  <paragraph num="B.">
    <text>The promissory note and employment obligation agreement shall include:</text>
    <paragraph num="(1)">
      <text>The obligations of the recipient;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The total and annual amounts of the award;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Penalties for breach of the promissory note and employment obligation agreement;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Circumstances under which the employment obligation may be canceled, suspended, or waived; and</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Any other terms the Maryland Secretary of Higher Education considers necessary.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>A recipient shall:</text>
    <paragraph num="(1)">
      <text>Verify eligible employment and salary level initially, after 6 months, and at the end of each year in the program;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Verify the current status of all education loans each year in the program;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Submit a copy of their Maryland tax returns for any year during which an award is received and, if requested, a copy of their federal return; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Notify OSFA and their lending institutions of any change in employment status or salary level.</text>
    </paragraph>
  </paragraph>
</regulation>