38 U.S.C. § 3699B - U.S. Code - Unannotated Title 38. Veterans' Benefits § 3699B. Treatment of certain for-profit educational institutions

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