The news today, from Kate Lee Carey at CooleyEd, is that AB 1341, which was re-submitted in mostly similar form as AB70, was signed into law by the governor yesterday [emphasis added].
As a refresher, this bill amends the Act by limiting, in certain circumstances, the authority of the [Bureau for Private Postsecondary Education] BPPE to accept an institution’s nonprofit status when determining whether to verify an exemption from BPPE oversight … AB70 adds new definitions to the Act for both “nonprofit corporation” and “public institution of higher education” and requires that the [Attorney General] AG make the determination of nonprofit status for any institution that operated for-profit on or after January 1, 2010, based on specific criteria.
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