Source: https://www.revisor.mn.gov/statutes/2019/cite/136A.646
Timestamp: 2019-12-16 04:09:12
Document Index: 114849562

Matched Legal Cases: ['art 2', 'art 3', 'art 2', 'art 3', 'art 3', 'art 2', 'art 3', 'art 2']

﻿ Sec. 136A.646 MN Statutes
Section 136A.646
136A.645 136A.65
2019 136A.646 Amended 2019 c 64 art 2 s 26
2017 136A.646 Amended 2017 c 89 art 3 s 5
2013 136A.646 Amended 2013 c 99 art 2 s 13
2010 136A.646 Amended 2010 c 364 s 17
2007 136A.646 New 2007 c 144 art 3 s 7
(a) New schools that have been granted conditional approval for degrees or names to allow them the opportunity to apply for and receive accreditation under section 136A.65, subdivision 7, shall provide a surety bond in a sum equal to ten percent of the net revenue from tuition and fees in the registered institution's prior fiscal year, but in no case shall the bond be less than $10,000.
(c) In lieu of a bond, the applicant may deposit with the commissioner of management and budget:
(d) The surety of any bond may cancel it upon giving 60 days' notice in writing to the office and shall be relieved of liability for any breach of condition occurring after the effective date of cancellation.
(e) In the event of a school closure, the additional security must first be used to destroy any private educational data under section 13.32 left at a physical campus in Minnesota after all other governmental agencies have recovered or retrieved records under their record retention policies. Any remaining funds must then be used to reimburse tuition and fee costs to students that were enrolled at the time of the closure or had withdrawn in the previous 120 calendar days but did not graduate. Priority for refunds will be given to students in the following order:
2007 c 144 art 3 s 7; 2010 c 364 s 17; 2013 c 99 art 2 s 13; 2017 c 89 art 3 s 5; 2019 c 64 art 2 s 26