261—7.26 (260F) Special requirements for community college-sponsored high technology apprenticeship projects.
	 7.26(1) An apprenticeship sponsor must have a designated community college to serve as the project coordinator.
	 7.26(2) The designated community college shall serve as the apprenticeship sponsor’s representative and shall serve as the department’s contact regarding all project matters.
	 7.26(3) If more than one community college is involved in the project, the participating community colleges shall designate one college as the project’s representative.
	 7.26(4) Apprenticeship Application for Assistance, Form 260F-1D, shall be signed by the community college or, in the case of a multicollege project, by each participating community college and shall be submitted by the community college to the department for project approval.
	 7.26(5) The community college shall enter into a training contract with the apprenticeship sponsor within 90 days of written notice of application approval from the department, using Apprenticeship Training Contract, Form 260F-4D.
	 7.26(6) All department communications concerning an apprenticeship project, including notice of project approval or denial and issuance of financial awards, shall be with the community college.
	 7.26(7) All default provisions specified in 261—7.30(260F) shall apply to college-sponsored apprenticeship training projects.
	 7.26(8) In the event of a default, a financial penalty will be assigned by the department to the apprenticeship sponsor identified by the designated community college as being responsible for the default.
	 7.26(9) Each apprenticeship sponsor that participates in the project shall complete a Final Performance Report, Form 260F-5A, at the completion of training as a condition of the loan’s being forgiven.