The board of higher education shall establish standards relative to faculty, equipment,
courses of study, financial organization, facilities, physical plant and leadership
which shall apply to any educational institution for which said council has approved
the certificate of organization or an article of amendment under the provisions of
If said board has reason to believe that any such institution does not comply with
such standards it may, after a hearing, suspend or revoke the power of such institution
to grant degrees. Proceedings under this section shall be deemed to be adjudicatory proceedings as
defined in section one of chapter thirty A and shall be subject to the provisions
of said chapter thirty A, except that (1) pending a final decision by the court the
institution shall continue to have the power to grant degrees, (2) no suspension or
revocation under this section shall become effective until the time for filing a petition
for review has expired and (3) the council shall forthwith notify the state secretary
upon any suspension or revocation under this section becoming effective.
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