The State Board of Community Colleges may withdraw or withhold State financial and administrative support of any institutions subject to the provisions of this Chapter in the event that:
(1) The required local financial support of an institution is not provided;
(2) Sufficient State funds are not available;
(3) The officials of an institution refuse or are unable to maintain prescribed standards of administration or instruction; or
(4) Local educational needs for such an institution cease to exist.
History