A. Each school shall:
- (1) As prescribed by Regulation .06 of this chapter, provide a financial guarantee to the Commission; and
- (2) As prescribed by Regulation .07 of this chapter, pay an assessment, if one is levied by the Secretary, into the Fund.
- B. The Secretary may not issue a certificate of approval to, and may revoke any certificate of approval previously issued to, a school that fails to comply with the requirements of §A of this regulation.
Authority: Education Article, §§11-105(u), 11-203, and 11-210, Annotated Code of Maryland
Effective date: January 15, 2018 (45:1 Md. R. 14)
Regulation .05 amended effective November 19, 2018 (45:23 Md. R. 1071)
Regulation .06 amended effective November 19, 2018 (45:23 Md. R. 1071)
Chapter revised effective August 21, 2023 (50:16 Md. R. 727)