§ 3699B — Treatment Of Certain For-profit Educational Institutions

(a) 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) In this section, the term “risk-based survey” means the risk-based survey developed under section 3673A of this title.