Called the California Private Postsecondary Act of 2009, the law will require flight schools to pay a yearly fee and open their books to regulators. Flight schools will be required to pay an initial $5,000 fee, followed by a $1,000 annual fee, and 0.75 percent of yearly revenue to the program, which aims to 'protect the financial well-being' of students in case the school goes out of business.
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