N.H. Admin. Code § Hedc 406.05

Current through Register No. 50, December 12, 2024

Section Hedc 406.05 - Institutions Undergoing an Acquisition, Merger, Transfer, Sale of Assets

Any institution undergoing an acquisition, transfer, sale of assets if more than 25%, or merger, shall inform the commission by submitting the following:

(a) A letter explaining the reason for the change; and

(b) A transition plan and timetable that includes, but is not limited to:

(1) Public disclosure and student and donor notification;

(2) Evidence of sufficient fiscal resources to support the transition;

(3) Accreditor(s) expectations;

(4) Any correspondence to and from institutional accrediting agencies;

(5) Legal documents related to the transition;

(6) Most recent audited financial statement;

(7) Any changes in:

a. Mission;

b. Board appointments;

c. Internal governance and leadership structure;

d. Institutional leadership appointments;

e. Faculty and staff appointments, along with terms of employment, including, but not limited to, working conditions and benefits;

f. Enrollment;

g. Program offerings; and

h. Facilities; and

(8) Any other substantive changes altering the current activity in Hedc 405.

N.H. Admin. Code § Hedc 406.05

#10429, eff 10-5-1313 (See Revision Note at chapter heading for Hedc 400)

Amended by Number 50, Filed December 14, 2023, Proposed by #13802, Effective 11/2/2023, Expires 11/2/2033.