Sec. 61.309. REVOCATION OF CERTIFICATE OF AUTHORITY. The board may revoke a certificate of authority to grant degrees at any time if it finds that: (1) any statement contained in an application for a certificate is untrue; (2) the institution has failed to maintain the faculty, facilities, equipment, and programs of study on the basis of which the certificate was issued; (3) advertising utilized on behalf of the institution is deceptive or misleading; or (4) the institution has violated any rule or regulation promulgated by the board under the authority of this subchapter.
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