Section 807.37 - Agency-Ordered AuditsIf the Agency determines that reasonable cause exists to question the validity of any financial information submitted, or the financial stability of the school, the Agency may order at the school's expense:
(1) an audit of a school's financial statements in accordance with this subchapter; and(2) the owner to furnish any other evidence deemed appropriate by the Agency to establish financial stability. Failure of a career school or college to provide compliant financial statements or other evidence required by the Agency, by the date noted in such order, may result in revocation of its certificate of approval.40 Tex. Admin. Code § 807.37
The provisions of this §807.37 adopted to be effective August 16, 1998, 23 TexReg 8479; Amended by Texas Register, Volume 47, Number 47, November 25, 2022, TexReg 7923, eff. 11/28/2022