62-4-121 - License to operate a school.
62-4-121. License to operate a school.
(a) A license to operate a school shall expire on September 1 of each year. An application for renewal of the license must be accompanied by satisfactory proof that the applicant:
(1) Is covered by a bond, certificate of deposit or letter of credit in accordance with § 62-4-120(b) and (c); and
(2) Continues to meet the requirements of § 62-4-120(d).
(b) The annual fee for renewal of a license to operate a school is seventy-five dollars ($75.00).
(c) A penalty fee of ten dollars ($10.00) will be assessed on any renewal applications postmarked after the expiration date of the license.
(d) No renewal application will be accepted after September 30 following the expiration date of a license to operate a school; however, the board may, in its discretion, reinstate a former licensee upon proper application accompanied by all past unpaid renewal fees, the fee for the current year and a surcharge of three hundred dollars ($300).
[Acts 1986, ch. 817, § 21; 1992, ch. 968, § 6.]