Purpose
The purpose of the proposed rule is to define annual tuition revenue generated in Florida and to require use of a form to report this information to the Commission and to require institutions to list assets and liabilities on a form and to list the type of financial statement provided by the institution on a form. The effect of the proposed rule is to clarify the term to assist institutions when calculating payments into the Student Protection Fund and to promote efficiency by requiring the use of a form in transmitting this information to the Commission.