California Private Postsecondary Education Act of 2009: exemptions: Alameda County campus closures.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Business, Professions and Economic Development
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill creates an exemption from the California Private Postsecondary Education Act of 2009 for specific nonprofit, out-of-state private colleges that take over existing campuses in Alameda County facing closure. The exemption is designed to prevent long-term vacancy and preserve educational continuity. It requires the college to meet certain financial criteria, including a substantial endowment, and limits the scope of the exemption to the specific campus involved. The bill also mandates 24 months’ advance notice to the Bureau for Private Postsecondary Education before ceasing operations.
Key provisions
- Allows nonprofits headquartered outside California to take over closing campuses in Alameda County.
- Requires the institution to have a minimum endowment of $1 billion.
- Mandates 24 months’ advance written notice to the Bureau for Private Postsecondary Education before closure.
- Limits the exemption to the specific campus being acquired.
- Prohibits the exemption from being used as precedent for new campuses.
- Requires the institution to continue operating the campus without significant interruption.
- Establishes a limit of three exemptions per year statewide.
- Exempts the institution from the Student Tuition Recovery Fund if it meets the endowment requirement.
Who is affected
- Private postsecondary educational institutions
- Students attending private postsecondary institutions
Bill text
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Sponsors
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1 on record
Primary sponsor
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