Section 372 - Higher education regulatory restricted account.(a) The Higher Education Regulatory Restricted Account is established as a restricted account within the General Fund of the State Treasury from which the Department of Education may expend money for the purpose of the costs of administering and implementing 24 Pa.C.S. Ch. 65 (relating to private colleges, universities and seminaries) and all other costs associated with the activities of the department related to the mandated services and regulation of degree-granting institutions. The account shall consist of the fees deposited under subsection (b) and state funds appropriated for use under this section. The restricted account shall be subject to audit by the Auditor General.(b) The Department of Education shall collect a fee for services provided to degree-granting institutions under this act. The fees are as follows:(1) For an application for approval of a specialized associate degree program..... $1,000(2) For an application for approval of a new degree or program at an institution of higher education......................... 1,400(3) For an application for a new degree-granting institution or a change from private licensed school to college or university............................... 5,000(4) For an application to change status from college or seminary to university........ 1,000(5) For an application for education enterprise status........................ 10,000(6) To renew status as an education enterprise............................... 2,000(7) For registration of an out-of-state distance education provider that is not a participant in the state authorization reciprocity agreement.................... 5,000(8) For an application for approval to use the word "college," "university" or "seminary" in a business name............ 100(c) The fees collected under subsection (b) shall be deposited into the Higher Education Regulatory Restricted Account.(d) The fees imposed under this section shall remain in effect until revised by the State Board of Education. If the revenues raised by fees imposed under this section are not sufficient to meet expenses projected for a two-year period, the State Board of Education shall increase the fees by regulation so that the projected revenue will meet or exceed projected expenditures.Added by P.L. TBD 2017 No. 40, § 4, eff. 10/30/2017.