# ED - A20CA0017 - 3.1
> **Closed** recommendation · 2021-09-28
**Report:** Remington College’s Use of Higher Education Emergency Relief Fund Student Aid and Institutional Grants ([detail](https://api.ai-analytics.org/ig-report/30128))
**OIG report number:** A20CA0017
**Recommendation number:** 3.1
## Text
Require Remington College to incorporate in its policies and procedures for managing Institutional grant funds the Federal cash management requirements related to minimizing the time between drawing down and spending Federal grant funds, including HEERF funds; maintaining the funds in an interest-bearing account; and remitting interest earned in excess of $500 in accordance with 2 C.F.R. § 200.305(b).
---
*Source: oversight.gov · AI Analytics · CC0 1.0*