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CA AB1341
Bill
Status
Engrossed
5/22/2019
Primary Sponsor
Rebecca Bauer-Kahan
Click for details
AI Summary
- Defines "nonprofit corporation" as an institution with tax-deductible contributions determined by the IRS under Section 501(c)(3), subject to limitations in Section 94874.1
- Defines "public institution of higher education" to include California Community Colleges, institutions operated by government entities, and qualifying state or local government instrumentalities
- Prohibits the Bureau for Private Postsecondary Education from verifying exemptions or handling complaints for nonprofit institutions that operated as for-profit institutions on or after January 1, 2010, unless the Attorney General determines specific conditions are met
- Requires the Attorney General to verify that converted for-profit institutions acquired assets at fair value, conduct core functions independently, and do not improperly commit assets to joint ventures with for-profit entities
- Specifies that no state reimbursement is required because costs result from creating new criminal provisions under existing law
Legislative Description
Private postsecondary education: California Private Postsecondary Education Act of 2009.
Last Action
In committee: Held under submission.
8/30/2019
Committee Referrals
Appropriations7/10/2019
Education7/1/2019
Business, Professions and Economic Development5/29/2019
Rules5/23/2019
Appropriations4/24/2019
Business and Professions4/10/2019
Higher Education3/14/2019
Full Bill Text
No bill text available