SB18-177

SB18-177 - Private School And Private Occupational School Bonds

Passed/Signed into Law
Concerning procedures when certain private schools cease operations.

Under existing law, private occupational schools and certain private degree-granting schools are required to provide a bond or other form of surety that is used to facilitate transfer or to provide tuition and fee reimbursement for students in the event that the school closes. When a private occupational school closes, that school's records must be maintained by the private occupational school board in the division of private occupational schools. The department of higher education (department) takes possession of the records from private degree-granting schools.

The bill allows the department to make a claim on a surety bond for reimbursement of actual administrative costs associated with a school closure. After the surety bond has been used to facilitate transfer or provide tuition and fee reimbursement for students, the department may retain any remaining amount as reimbursement for administrative costs associated with the school closure. In the instance of a closed private occupational school, the bill clarifies that the school's records may be maintained by the division of private occupational schools at any location.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

House Committees

Senate Committees

Latest update: May 3, 2018
05/03/2018 - Governor Signed
04/26/2018 - Sent to the Governor
04/26/2018 - Signed by the Speaker of the House
04/25/2018 - Signed by the President of the Senate
04/19/2018 - House Third Reading Passed - No Amendments
04/18/2018 - House Second Reading Passed - No Amendments
04/16/2018 - House Second Reading Laid Over Daily - No Amendments
04/11/2018 - House Committee on Education Refer Unamended to House Committee of the Whole
03/20/2018 - Introduced In House - Assigned to Education
03/15/2018 - Senate Third Reading Passed - No Amendments
03/14/2018 - Senate Second Reading Passed - No Amendments
03/08/2018 - Senate Committee on Education Refer Unamended to Senate Committee of the Whole
02/21/2018 - Introduced In Senate - Assigned to Education