S3730 — Establishes process to monitor proprietary institution that converts to nonprofit corporation for transactions that constitute private inurement.

S3730 — Establishes process to monitor proprietary institution that converts to nonprofit corporation for transactions that constitute private inurement. · Informed CitizenryThis bill establishes a process for the oversight of higher education institutions that convert from proprietary to nonprofit corporations. Under the proposal, such institutions must submit their I…Open in Informed Citizenry