A BILL TO BE ENTITLED
AN ACT regarding the refund policies of proprietary schools.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 115D‑90(b)(7)i reads as rewritten:
"(7)	Such additional information as the State Board, acting by and through the President of the Community College System, may deem necessary to enable it to determine the adequacy of the program of instruction and matters pertaining thereto. Each application shall be accompanied by a copy of the current bulletin or catalog of the school which shall be in published form and certified by an authorized official of the school as being current, true, and correct in content and policy. The school bulletin shall contain the following information:
…
i.	Policy and regulations of the institution relative to the refund of the unused portion of tuition, fees and other charges in the event the student does not enter the course or withdraws or is discontinued therefrom. The policy and regulations shall provide for, at a minimum, a full refund if a student withdraws before the first day of class or the college cancels the class and a seventy‑five percent (75%) refund if the student withdraws within the first twenty‑five percent (25%) of the period of enrollment for which the student was charged."
SECTION 2.  This act is effective when it becomes law and applies beginning with the 2011‑2012 academic year.