Sec.  54.514   Payment for discounted service.

   (a)  Choice  of payment method. Service providers providing discounted
   services  under  this  subpart in any funding year shall, prior to the
   submission the Form 471, permit the billed entity to choose the method of
   payment for the discounted services from those methods approved by the
   Administrator,  including  by  making a full, undiscounted payment and
   receiving subsequent reimbursement of the discount amount from the service
   provider.

   (b) Deadline for remittance of reimbursement checks. Service providers that
   receive discount reimbursement checks from the Administrator after having
   received full payment from the billed entity must remit the discount amount
   to the billed entity no later than 20 business days after receiving the
   reimbursement check.

   [ 68 FR 36942 , June 20, 2003]

   Effective Date Note:   At  68 FR 36942 , June 20, 2003, as corrected at  68 FR 39471 , July 2, 2003,  Sec. 54.514 was added, effective July 21, 2003, except for
   paragraph (a), which is effective July 1, 2004. In addition, paragraph (b)
   contains information collection and recordkeeping requirements and will not
   become effective until approval has been given by the Office of Management
   and Budget.