CA SB1351

Exempts nonprofit out-of-state universities from California private postsecondary education regulations if they take over existing Alameda County campuses facing imminent closure, provided they have at least $1 billion in endowment and regional accreditation

Limits the Bureau for Private Postsecondary Education to granting no more than 3 exemptions per year and 6 total exemptions under this provision

Authorizes the Bureau to require private postsecondary institutions operating in Alameda County to provide at least 24 months' advance written notice before ceasing operations

Exempts qualifying institutions from Student Tuition Recovery Fund requirements if they meet the $1 billion endowment threshold

Restricts exemptions to specific campuses only, prohibiting use as precedent for new campus development or expansion elsewhere in California