Section Pos 1104.08 - Other Fiscal Requirements(a) Insurance shall be carried to protect the school's financial interest. The amount of insurance shall be sufficient to maintain the solvency of the school in case of loss by fire or other causes, and to protect it from instances of personal and public liability.(b) The school shall meet the student tuition protection criteria as specified in RSA 188-D:20-a and b, as applicable.(c) A budget of estimated income and expenditures for each fiscal year shall be prepared in advance of the beginning of such fiscal year and shall be maintained and, to the extent needed, revised during the course of such fiscal year. Such budget shall be prepared in sufficient detail to promote proper operations, and shall at a minimum include categories for general administration and general expense, instruction, libraries, and operation and maintenance of the physical plant.(d) If the school has or plans to incur debt, it shall maintain and update as needed a plan, covering the period such debt will be outstanding, that shall show the anticipated interest and principal payments due on such debt during such period and the planned provision for payment of such interest and principal as it shall become due and payable.(e) The school shall maintain financial resources or a credit rating sufficient to enable it to borrow funds adequate to provide for a teachout of currently enrolled students if the school's license is revoked or suspended or if the school advises the director that it intends to discontinue operations.N.H. Admin. Code § Pos 1104.08