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CA AB3167
Bill
Status
5/22/2024
Primary Sponsor
Phillip Chen
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AI Summary
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Allows highly qualified private nonprofit institutions to register with the Bureau for Private Postsecondary Education beginning July 1, 2025, by paying a $1,500 registration fee and providing evidence of accreditation and institutional information.
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Defines "highly qualified private nonprofit institution" as a tax-exempt organization with no insider transactions in the past five years, 20+ years of nonprofit status, minimum 500 degrees awarded annually, and accreditation by an agency recognized by the U.S. Department of Education for at least 10 years.
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Requires registered highly qualified private nonprofit institutions to comply with Student Tuition Recovery Fund requirements for California students and removes the previous option to substitute a surety bond in lieu of these requirements.
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Permits institutions that received approval to operate by accreditation before July 1, 2025, to elect to register under the new registration pathway instead.
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Requires highly qualified private nonprofit institutions registering with the bureau to comply with all applicable state and federal laws, and establishes a contract process for complaint resolution and oversight.
Legislative Description
California Private Postsecondary Education Act of 2009: highly qualified private nonprofit institution.
Last Action
In committee: Held under submission.
8/15/2024