12905770, 6E-2.004 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 12905770

Notice of Proposed Rule

Department:

DEPARTMENT OF EDUCATION

Division:

Commission for Independent Education

Chapter:

LICENSING

Overview

RULE:

6E-2.004

Standards and Procedures for Licensure

PURPOSE:

The purpose of the proposed amendment to the Commission’s Institutional Licensure rule is to require that “new” institutions submit a business plan and a budget on two forms when applying for an initial or extended provisional license and when applying for a provisional license due to a change in ownership.  The effect of the proposal is to amend the financial standard applicable to these institutions.

SUMMARY:

The proposed rule incorporates two forms.  One of these is CIE Form 605, entitled Business Plan.  When applying for these types of provisional licenses, institutions will be required to provide information applicable to a business plan for post secondary institutions, such as a description of the facility, institutional educational programs, a market analysis summary, accreditation plans, marketing and enrollment strategies and information on a web based presence, if any.  The second form proposed for incorporation is CIE Form 606, entitled Projected or Actual Budget.  When applying for these same types of provisional licenses, institutions will be required to provide a budget that includes the revenue and costs for private post secondary institutions.  The form requires information on costs in a number of categories, namely, costs of sales, advertising, labor, student recruitment, administrative costs, salaries, professional fees, occupancy expenses, and capital expenditures.

RULEMAKING AUTHORITY:

1005.22(1)(e), 1005.31(2), (3), 1005.34, 1005.39 Florida Statutes.

LAW:

1005.04, 1005.31, 1005.33(1), 1005.34, 1005.39 Florida Statutes.

PRINT PUBLISH DATE:

4/23/2013 Vol. 39/79

COMMENTS:

From 4/23/2013 To 5/14/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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