Section 228.23 - [Effective 9/1/2024] Change of Ownership and Name Change(a) An educator preparation program (EPP) that changes ownership shall notify 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 that is not a college or university may not change its name unless it has notified the TEA of a change of ownership within the preceding 90 days and has a State Board for Educator Certification (SBEC) accreditation status of Accredited or Accredited-Not Rated. The EPP shall notify TEA staff of the name change in writing.(d) An EPP that is a college or university may change its name if the EPP has notified the TEA that the entire college or university has changed its name.(e) An EPP shall annually report to the SBEC all names that the EPP has done business as during the preceding year. The TEA shall make EPPs' doing-business-as names available to the public on the TEA website as consumer information.(f) TEA staff shall recommend an accreditation status of Accredited-Probation in accordance with § 229.4(e)(2) of this title (relating to Determination of Accreditation Status) for any EPP that fails to timely notify TEA staff regarding a change in ownership or a change of program name.19 Tex. Admin. Code § 228.23
Adopted by Texas Register, Volume 49, Number 20, May 17, 2024, TexReg 3545, eff. 9/1/2024