2005 California Education Code Sections 94750 Article 3. Exemptions

94750.  Article 4 (commencing with Section 94770), Article 8
(commencing with Section 94900), the last sentence of paragraph (6)
of subdivision (b) of Section 94739, subdivision (c) of Section
94831, and Sections 94802, 94830, 94835, 94836, 94840, 94846, 94934,
94942, 94944, 94945, 94946, 94947, 94965, and 94970 shall not apply
to an institution that is a nationally accredited agency recognized
by the United States Department of Education if the bureau has
determined, subsequent to an onsite qualitative review and assessment
of the institution conducted at least once every three years, as
described in Section 94901, that the institution is in compliance
with all of the following:
   (a) The institution meets the financial responsibility
requirements set forth in subdivision (b) of Section 94804.
   (b) The faculty of the institution meets the requirements set
forth in paragraph (2) of subdivision (a) of Section 94900.
   (c) The institution's cohort default rate on guaranteed student
loans does not exceed 15 percent for the three most recent years as
published by the United States Department of Education.
   (d) The institution has operated in this state for at least 15
years.
   (e) The institution submits to the bureau copies of the most
recent IRS Form 990 and the Integrated Postsecondary Education Data
System Report of the United States Department of Education and the
accumulated default rate.
   (f) The institution pays fees in accordance with Section 94932.
   (g) The institution exclusively confers degrees upon the
completion of a course of study of two or more years.
   Institutions that satisfy the requirements of this subdivision may
also (1) teach state-mandated continuing education programs if the
institution offers a degree for which the continuing education
program is required, and (2) teach prerequisite courses for admission
to a degree program offered at the institution.
   (h) The institution has offered a masters, doctorate, or first
professional degree program for at least five years.
   (i) The institution is incorporated and lawfully operates as a
nonprofit public benefit corporation pursuant to Part 2 (commencing
with Section 5110) of Division 2 of Title 1 of the Corporations Code
and is not managed or administered by an entity for profit.