Wis. Admin. Code Department of Safety and Professional Services SPS 61.07

Current through September 30, 2024

Section SPS 61.07 - Change of ownership

Any change of ownership of a school or specialty school shall be reported to the department within 5 calendar days of the change of ownership, on the form provided by the department, and shall be accompanied by the fee equivalent to the fee for initial licensure and the surety bond required by s. 440.62(2) (a), Stats. The bond accompanying the change of ownership report shall be in the same form as, and in an amount at least equal to, the bond filed by the previous owners of the school or specialty school. The department shall immediately suspend the license of any school or specialty school for which a change of ownership is reported unless it is accompanied by a surety bond in the specified form and amount, naming the new owners as principals.

Cr. Register, December, 1989, No. 408, eff. 1-1-90; correction made under s. 13.92(4) (b) 7, Stats., Register November 2011 No. 671.

Amended by, CR 15-028: am. Register September 2015 No. 717, eff.10/1/2015.

Fees established by the department pursuant to s. 440.03(9), Stats., are posted on the department's website, at www.dsps.wisconsin.gov. The renewal fees for all other credentials are noted in the related statutes or rules.