Current through Register Vol. 54, No. 30, March 20, 2023
(a) Any
private career school that seeks to apply for renewal of a Certificate of Approval
shall make a written Application for Renewal of a Private Career School Certificate
of Approval.
1. The Application for Renewal of a
Private Career School Certificate of Approval shall have two components as described
in 12:41-2.2(a)
1.
(b) A completed
Application for Renewal of a Private Career School Certificate of Approval,
including all information and documents required thereunder, shall be submitted by
the approved private career school to the Training Evaluation Unit not less than 90
calendar days prior to expiration of the existing Certificate of Approval.
(c) The approved private career school applying to
renew its Certificate of Approval shall pay a non-refundable renewal application fee
of $ 900.00, payable to the State Treasurer.
(d) The information and documents to be submitted
by the private career school for review and evaluation by the Training Evaluation
Unit for renewal of a Certificate of Approval shall include the following:
1. A completed application form provided by the
Department of Labor and Workforce Development;
2. A signed and notarized Statement of Assurances,
which attests to the accuracy and truthfulness of the representations made in the
Application for Renewal of a Private Career School Certificate of
Approval;
3. The following financial
documents to support tuition income and financial soundness of the school, which
shall be no more than 12 months old:
i. Financial
statement audited by an independent certified public accountant (if the New Jersey
school is part of a larger organization, then the audited financial statement shall
include a statement detailing tuition income for the New Jersey school
location(s));
ii. Financial statement
compiled or reviewed by an independent certified public accountant (if the New
Jersey school is part of a larger organization, then the compiled or reviewed
financial statement shall include a statement detailing tuition income for the New
Jersey school location(s));
iii. For
sole proprietors, a signed copy of Form 1040, U.S. individual income tax return and
Schedule C(s);
iv. For partnerships, a
signed copy of the complete Form 1065, U.S. Return of Partnership Income, including
all schedules;
v. For S Corporations, a
signed copy of the complete Form 1120S, U.S. income tax return for an S Corporation,
including all schedules; or
vi. For
corporations, a signed copy of the complete Form 1120, U.S. corporation income tax
return, including all schedules;
4. Current tuition performance bond, which
includes the information set forth at 12:41-2.2(a)
5i through vii, payable to the Commissioner of the Department of Labor and
Workforce Development in the amount of $ 20,000 or five percent of the average gross
tuition income for the past three years, whichever is greater;
5. Proof of continued liability insurance and
workers' compensation insurance;
6.
Current fire inspection certificate;
7.
Current health inspection certificate, if appropriate;
8. Verification that the school complied with the
annual reporting requirement, contained within
N.J.A.C.
12:41-3.2, for the immediately preceding fiscal
year; and
9. Modifications to any
documentation provided as part of the Application for Initial Approval of a Private
Career School.
(e)
Requirements for the component reviewed and evaluated by the Department of Education
shall be governed by N.J.A.C. 6A:19-7.
Adopted by
48
N.J.R. 2816(b), effective 12/19/2016
