Louisiana Administrative Code
Title 28 - EDUCATION
Part III - Proprietary Schools
Chapter 5 - License Requirements
Section III-503 - Student Protection Fund
Universal Citation: LA Admin Code III-503
Current through Register Vol. 50, No. 3, March 20, 2024
A. First Payment. Initial (new) schools and change-of-ownership schools shall be required to submit their first payment of $1,000 made payable to the "Student Protection Fund" with their application.
B. Annual Payment. The required annual payments, if applicable, to the Student Protection Fund shall be collected based on the schedule provided in R.S. 17:3140.11.
C. Collection Schedule. Annual payments shall cease when the fund accumulates to $800,000 but shall resume when the fund drops below $750,000.
AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3140.11.
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