[Code of Federal Regulations]
[Title 22, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 22CFR62.60]

[Page 305-306]
 
                       TITLE 22--FOREIGN RELATIONS
 
                     CHAPTER I--DEPARTMENT OF STATE
 
PART 62_EXCHANGE VISITOR PROGRAM--Table of Contents
 
            Subpart E_Termination and Revocation of Programs
 
Sec.  62.60  Termination of designation.

    Source: 67 FR 17615, April 11, 2002, unless otherwise noted.


    Designation shall be terminated when any of the circumstances set 
forth in this section occur.
    (a) Voluntary termination. A sponsor may voluntarily terminate its 
designation by notifying the Department of State of such intent. The 
sponsor's designation shall terminate upon such notification. Such 
sponsor may reapply for designation.
    (b) Inactivity. A sponsor's designation shall automatically 
terminate for inactivity if the sponsor fails to comply with the minimum 
size or duration requirements, as specified in Sec.  62.8 (a) and (b), 
in any twelve month period. Such sponsor may reapply for program 
designation.
    (c) Failure to file annual reports. A sponsor's designation shall 
automatically terminate if the sponsor fails to file annual reports for 
two consecutive years. Such sponsor is eligible to reapply for program 
designation upon the filing of the past due annual reports.
    (d) Change in ownership or control. An exchange visitor program 
designation is not assignable or transferable. A major change in 
ownership or control automatically terminates the designation. However, 
the successor sponsor may apply to the Department of State for 
redesignation and may continue its exchange visitor activities while 
approval of the application for redesignation is pending before the 
Department of State:
    (1) With respect to a for-profit corporation, a major change in 
ownership shall be deemed to have occurred when thirty-three and one-
third percent (33\1/3\ percent) or more of its stock is sold or 
otherwise transferred within a 12 month period;
    (2) With respect to a not-for-profit corporation, a major change of 
control shall be deemed to have occurred when fifty-one percent or more 
of the board of trustees, or other like body vested with its management, 
is replaced within a 12-month period.

[[Page 306]]

    (e) Loss of licensure or accreditation. A sponsor's designation 
shall automatically terminate in the event that the sponsor fails to 
remain in compliance with local, state, federal, or professional 
requirements necessary to carry out the activity for which it is 
designated, including loss of accreditation or licensure.
    (f) Failure to apply for redesignation. Prior to the conclusion of 
its current designation period, the sponsor is required to apply for 
redesignation pursuant to the terms and conditions of Sec.  62.7. 
Failure to apply for redesignation will result in the automatic 
termination of the sponsor's designation. If so terminated, the former 
sponsor may apply for a new designation, but the program activity will 
be suspended during the pendency of the application.