Process of disbursement of SCORF funds once the Board has approved an application:
Within 5 business days a letter of approval is generated and sent to the approved entity and submitted to the SFAA finance office.
SFAA finance then reviews and processes the request for release of funds to the Comptroller General’s Office. Once at the Comptroller General’s office, they have up to 30 days to review and issue a warrant to the State Treasurer’s office for release of funds.
If the Board approves an application with contingencies, the SCORF staff works with that entity to resolve the issue, once resolved the process above begins