Section 400.4106. Original licensure; application.

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An applicant applying for an original license shall provide documentation of all of the following:

(a)   Need for the type of program the institution proposes to provide.

(b)    Sufficient financial resources to meet applicable licensing rules following the issuance of the initial license.

(c)   A plan of financial accounting developed in accordance with generally accepted accounting practices.

History: 1983 AACS; 2015 AACS.

                    
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