§  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, § 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.