10356804, 6E-4.005 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10356804

Notice of Development of Rulemaking

Department:

DEPARTMENT OF EDUCATION

Division:

Commission for Independent Education

Chapter:

GENERAL INFORMATION

Overview

RULE:

6E-4.005

Student Protection Fund; Trainout Procedures for Closure

PURPOSE:

The purpose of the proposed rule is to define annual tuition revenue generated in Florida and to require use of a form to report this information to the Commission. The effect of the proposed rule is to clarify the term to assist institutions when calculating payments into the Student Protection Fund and to promote efficiency by requiring the use of a form in transmitting this information to the Commission. The purpose and effect of the proposed rule is also to require institutions to list assets and liabilities on a form and to list the type of financial statement provided by the institution on a form.

SUBJECT:

Verification of financial information from licensed institutions for Student Protection and licensing.

RULEMAKING AUTHORITY:

1005.35, 1005.37, 1005.38 FS.

LAW:

1005.36(3), 1005.37 FS.

PRINT PUBLISH DATE:

9/2/2011 Vol. 37/35

RELATED STATUTES
AND LAWS:

1005.35, 1005.37, 1005.38 FS., 1005.36(3), 1005.37 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=6E-4.005&PDate=9/2/2011&Section=1

REFERENCE MATERIALS:

No reference(s).

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