Section 228.17 - [Effective until 9/1/2024] Change of Ownership and Name Change(a) An educator preparation program (EPP) that changes ownership shall notify the Texas Education Agency (TEA) staff of the change of ownership in writing within 10 days of the change. (b) A change of ownership is any agreement to transfer the control of an EPP. The control of an EPP is considered to have changed: (1) in the case of ownership by an individual, when more than 50% of the EPP has been sold or transferred; (2) in the case of ownership by a partnership or a corporation, when more than 50% of the owning partnership or corporation has been sold or transferred; or (3) in the case of ownership by a board of directors, officers, shareholders, or similar governing body, when more than 50% of the ownership has changed. (c) An EPP may not change its name unless it has notified TEA of a change of ownership within the preceding 90 days and has a SBEC accreditation status of "Accredited" or "Accredited--Not Rated." The EPP shall notify TEA staff of the name change in writing. (d) TEA staff shall recommend an accreditation status of "Not Accredited--Probation" in accordance with §229.4(e)(2) of this title (relating to Determination of Accreditation Status) for any EPP that fails to notify TEA staff timely regarding a change in ownership or a change of program name.19 Tex. Admin. Code § 228.17
Adopted by Texas Register, Volume 41, Number 52, December 23, 2016, TexReg 10280, eff. 12/27/2016; Adopted by Texas Register, Volume 44, Number 41, October 11, 2019, TexReg 5905, eff. 10/20/2019