The secretary may reinstate an expired certificate of authorization if the postsecondary institution: (1) Continues to meet the requirements of subdivisions 13-48-37(1) and (2); (2) Has not been ordered to cease its operations in the state pursuant to § 13-48-40 ; and (3) Has filed with the secretary an application for reinstatement, on a form prescribed by the secretary, and paid a nonrefundable reinstatement fee of two hundred fifty dollars.
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