Sec. 1022. Department of Veterans Affairs treatment of for-profit educational institutions converted to nonprofit educational institutions
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/bill/116/hr/7105/eas/section-1022A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subchapter II of chapter 36 of title 38, United States Code, is amended by adding at the end the following new section: In the case of any for-profit educational institution that is converted to a nonprofit educational institution, the State approving agency or the Secretary when acting as a State approving agency shall conduct annual risk-based surveys of the institution during the three-year period beginning on the date on which the educational institution is so converted. In this section, the term risk-based survey means the risk-based survey developed under section 3673A of this title. .
The table of sections at the beginning of such chapter is amended by inserting after the item relating to section 3699A the following new item: 3699B. Treatment of certain for-profit educational institutions. . Section 3699B of title 38, United States Code, as added by subsection (a), shall apply with respect to the conversion of a for-profit educational institution to a nonprofit educational institution that occurs on or after the date of the enactment of this Act.