La. Admin. Code tit. 28 § III-503
Current through Register Vol. 50, No. 8, August 20, 2024
Section III-503 - Student Protection FundA. First Payment. Initial (new) schools and change-of-ownership schools shall be required to submit their first payment of $1,000 made payable to the "Student Protection Fund" with their application.B. Annual Payment. The required annual payments, if applicable, to the Student Protection Fund shall be collected based on the schedule provided in R.S. 17:3140.11.C. Collection Schedule. Annual payments shall cease when the fund accumulates to $800,000 but shall resume when the fund drops below $750,000.La. Admin. Code tit. 28, § III-503
Promulgated by the Department of Education, Board of Regents, LR 33:1860 (September 2007), Amended by the Board of Regents, Proprietary Schools Section, LR 471297 (9/1/2021).AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3140.11.