§ 3699B. Treatment of certain for-profit educational institutions

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(a)In General.— 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.

(b)Risk-based Survey Defined.— In this section, the term “risk-based survey” means the risk-based survey developed under section 3673A of this title.

(Added Pub. L. 116–315, title I, § 1022(a), Jan. 5, 2021, 134 Stat. 4959.)

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