Louisiana Administrative Code
Title 28 - EDUCATION
Part IX - Regents.
Chapter 3 - Criteria and Requirements for Licensure
Section IX-321 - Surety Bonding [Formerly Section 319]
Universal Citation: LA Admin Code IX-321
Current through Register Vol. 50, No. 3, March 20, 2024
A. New Louisiana domiciled unaccredited institutions are required to post a surety bond issued by a surety authorized to do business in the state of Louisiana in the amount of $10,000 to cover the period of the license. These bonds are intended to protect students in the event of a sudden closure of the institution. Institutions that are also licensed and bonded under provisions set forth by R.S. 17:3141 et seq., need not seek additional bonding.
AUTHORITY NOTE: Promulgated in accordance with R.S. 17:1808.
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