5 CCR s 71240

Cal. Admin. Code tit. 5, s 71240

CALIFORNIA CODE OF REGULATIONS
TITLE 5. EDUCATION
DIVISION 7.5. PRIVATE POSTSECONDARY EDUCATION
CHAPTER 2. DEGREE-GRANTING PRIVATE POSTSECONDARY EDUCATIONAL INSTITUTIONS
ARTICLE 2. APPLICATION FOR APPROVAL TO OPERATE AND OFFER EDUCATIONAL
PROGRAMS
This database is current through 02/02/07, Register 2007, No. 5
s 71240. Financial Reports.

(a) If an institution is not operating in California at the time it
applies for approval to operate, the institution shall submit a financial
report, including reviewed financial statements.

(b) If an institution is operating in California at the time it applies
for approval to operate for itself or for a branch campus or for approval
to offer additional programs or degree titles, the institution shall
submit a copy of the most recent financial report it was required to
submit by the Act or this chapter and a detailed description of any
material changes in any of the information contained in that financial
report or a statement indicating that there are no material changes.

(c) Each financial report shall comply with Section 71905 of this chapter.

Note: Authority cited: Sections 94305 and 94337, Education Code.
Reference: Sections 94310, 94311.4, 94312.2 and 94330, Education
Code.

HISTORY

1. New section filed 8-17-92 as an emergency; operative 8-17-92 (Register
92,
No. 34). A Certificate of Compliance must be transmitted to OAL 12-15-92
or
emergency language will be repealed by operation of law on the following
day.

2. Certificate of Compliance as to 8-17-92 order transmitted to OAL on
2-3-93;
disapproved by OAL on 3-24-93 (Register 93, No. 14).

3. New section refiled 4-12-93 as an emergency; operative 4-12-93
(Register
93, No. 16). A Certificate of Compliance must be transmitted to OAL
8-10-93
or emergency language will be repealed by operation of law on the
following
day.

4. Certificate of Compliance as to 4-12-93 order transmitted to OAL on
10-6-93;
disapproved by OAL on 11-22-93 (Register 93, No. 49).

5. New section refiled 11-17-93 as an emergency; operative 11-17-93
(Register
93, No. 47). A Certificate of Compliance must be transmitted to OAL by
5-16-
94 or emergency language will be repealed by operation of law on the
following
day.

6. Certificate of Compliance as to 11-17-93 order transmitted to OAL
3-11-94
and filed 4-19-94 (Register 94, No. 16).

5 CCR s 71240, 5 CA ADC s 71240
1CAC

5 CA ADC s 71240

END OF DOCUMENT