A recipient shall furnish to OSFA written acceptance of the award and a signed promissory note and employment obligation agreement. The promissory note and service obligation agreement shall include: The obligations of the recipient; The total and annual amounts of the award; Penalties for breach of contract; Circumstances under which the obligation may be canceled, suspended, or waived; and Any other terms the Secretary considers necessary. A recipient shall: Verify eligible employment initially, after 6 months, and at the end of each year in the program; Verify the current status of all educational loans each year in the program; Verify, at the time of the initial application only, being a foster care recipient as defined in Regulation .02 of this chapter; Submit a copy of the recipient’s State tax returns for any year during which an award is received, and federal returns if requested; and Notify OSFA of any change in employment status.