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MO HB1722
Bill
Status
4/2/2012
Primary Sponsor
Mike Thomson
Click for details
AI Summary
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Allows proprietary schools operating continuously for at least five years to apply for two-year certifications instead of annual certifications.
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Increases the base annual certification fee from $.001 to $.0013 per dollar of net tuition and fees, with maximum fee raised from $2,500 to $5,000 and minimum from $250 to $500.
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Permits the coordinating board to increase fees every five years by no more than the Consumer Price Index (CPI-U) and establishes a dedicated "Proprietary School Certification Fund" for program costs.
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Requires the department to review new program proposals within 90 days and revised programs within 60 days; schools may operate programs if department misses deadline until substantive issues are identified.
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Increases the security bond cap from $25,000 to $100,000 and requires the Proprietary School Advisory Committee to include at least three degree-granting school representatives, with at least one from a baccalaureate or higher-level institution.
Legislative Description
Changes the laws regarding proprietary schools
Last Action
Placed on Informal Calendar
5/9/2012