Sec.10a-22x-3. Payments to the account

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(a) Forms developed and provided by the commissioner shall be completed by the school and submitted with quarterly account payments. The correctness and pleteness of information provided on such form shall be attested to by the school director or person authorized to sign on his or her behalf.
(b) A school's quarterly account payments shall be the product of the total net tuition income for such quarter times one-half of one percent. A school's quarterly account payments shall be calculated on a cash basis.
(c) A school shall maintain adequate financial records evidencing all amounts paid to such school by or on behalf of each student.

(Effective August 24, 1987; Transferred and AmendedJuly 25, 1997)

                    
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