Code of Massachusetts Regulations
610 CMR - BOARD OF HIGHER EDUCATION
Title 610 CMR 13.00 - Financial Assessment and Risk Monitoring of Institutions of Higher Education
Section 13.10 - Sanctions
Current through Register 1531, September 27, 2024
If an Institution fails to comply with the requirements of 610 CMR 13.00, or otherwise fails to cooperate with the Department in the screening, inquiry, monitoring, and/or contingency planning and notification processes, including failure to obtain the required bond with surety or letter of credit, or otherwise fails to submit risk mitigation plans that demonstrate a likelihood that the Risk of Imminent Closure will be mitigated during the current or subsequent academic year, the Commissioner may issue one or more of the following sanctions:
(1) Termination of eligibility for state aid.
(2) Suspension or revocation of degree-granting authority, in whole or in part, after notice and opportunity to cure through the development of a corrective course of action, through the process described in 610 CMR 2.10(2): Procedures to Revoke or Suspend Degree-Granting Authority.
(3) Referral by Department staff to the Office of the Attorney General.
(4) A fine not to exceed $1,000 per day, in an amount to be determined by the Commissioner in their sole discretion.
