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

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

(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.

Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 116–315, title I, §1022(c), Jan. 5, 2021, 134 Stat. 4959, as amended by Pub. L. 117–16, §5(a), June 8, 2021, 135 Stat. 283, provided that: "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, or the conversion of a for-profit educational institution to a public educational institution, that occurs on or after the date of the enactment of this Act [Jan. 5, 2021]."

[Pub. L. 117–16, §5(b), June 8, 2021, 135 Stat. 283, provided that: "The amendment made by subsection (a) [amending section 1022(c) of Pub. L. 116–315, set out above] shall apply as if included in the enactment of the Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020 (Public Law 116–315)."]