Ohio Revised Code Title XVII. Corporations Partnerships § 1713.041

(1) Verification of current accreditation status and a copy of the most recent institutional report from the institution's accrediting organization;

(2) A plan to preserve student records indefinitely in the event of closure of the institution or discontinuation of service.  The plan shall include a method by which students and alumni of the institution may retrieve student records by request.  The plan also shall include a designation and signed confirmation of an official custodian of student records.  Student records preserved under the plan shall include, but not be limited to:

(3) The following program information:

(4) The latest financial statement for the most recent fiscal year compiled and audited by an independent certified public accountant, including any management letters provided by the independent auditor;

(5) Any other information requested by the chancellor.

(1) Receives notice from the federal government or an institutional accrediting organization that the institution or school is subject to heightened reporting standards or special monitoring status, such as the United States department of education's heightened cash monitoring process;

(2) Receives preliminary or final accreditation findings;

(3) Becomes the subject of an investigation by a government agency related to the institution's academic quality, financial stability, or student consumer protection;

(4) Fails to make any payments to applicable retirement systems;

(5) Fails to make any scheduled payroll payments;

(6) Fails to make any payments to vendors when due as a result of a cash deficiency or a substantial deficiency in the payment processing system of the institution;

(7) Fails to make any scheduled payment of principal or interest for short- or long-term debt;

(8) Makes budget revisions resulting in a substantially reduced ending fund balance or larger deficit;

(9) Becomes aware of significant negative variance between the most recently adopted annual budget and actual revenues or expenses as projected at the end of the fiscal year.