5 CCR s 71745

Cal. Admin. Code tit. 5, s 71745

CALIFORNIA CODE OF REGULATIONS
TITLE 5. EDUCATION
DIVISION 7.5. PRIVATE POSTSECONDARY EDUCATION
CHAPTER 2. DEGREE-GRANTING PRIVATE POSTSECONDARY EDUCATIONAL INSTITUTIONS
ARTICLE 11. INSTITUTIONAL OPERATING STANDARDS
This database is current through 02/02/07, Register 2007, No. 5
s 71745. Financial Resources.

(a) The institution shall document that it has at all times sufficient
assets and financial resources to do all of the following:

(1) Provide all of the educational services that the institution
represented it would provide.

(2) Ensure that all students admitted to its educational programs
have a reasonable opportunity to complete the programs and obtain
their degrees.

(3) Maintain the minimum standards required by the Act and this
chapter.

(4) Pay timely refunds as required by Section 94312(d)(3) of the
Code.

(b) An institution shall document that none of the circumstances described
in Section 94311.4(b) have occurred.

(c) At an institution's request, the Council may consider the financial
resources of a parent corporation if all of the provisions of Section
94316.6(c) of the Code have been satisfied.

Note: Authority cited: Sections 94305 and 94337, Education Code.
Reference: Sections 94301, 94310, 94311.4 and 94316.6, 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emergency language will be repealed by operation of law on the following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or emergency language will be repealed by operation of law on the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94 or emergency language will be repealed by operation of law on the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 71745, 5 CA ADC s 71745
1CAC

5 CA ADC s 71745

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