; (3) dues to the accrediting agency or association are paid separately from any dues paid to any related, associated, or affiliated trade association or membership organization; and (4) the budget of the accrediting agency or association is developed and determined by the accrediting agency or association without review or resort to consultation with any other entity or organization. ; (3) in subsection (c)— (A) in paragraph (1), strike those regarding distance education and inserting regarding distance education and the history and mission of the institutions reviewed ; (B) in paragraph (2)— (i) by inserting and decline after the growth ; and (ii) by inserting before the semicolon at the end the following: or decline ; and (C) by amending paragraph (3) to read as follows: (3) requires an institution to submit for approval to the accrediting agency or association a teach-out plan (as defined in section 487(f)(2)) and which shall meet the requirements of such agency or association) upon the occurrence of any of the following events: (A) the Secretary notifies the agency or association that the Secretary has determined under section 498(c) that the institution does not have the financial responsibility required by this title, except that this subparagraph shall not be applicable to an institution until the Secretary has completed the rulemaking required under section 4721(b) of the College Affordability Act; (B) the Secretary notifies the agency of a determination by the institution’s independent auditor expressing doubt with the institution’s ability to operate as a going concern or indicating an adverse opinion or finding of material weakness related to financial stability, except that this subparagraph shall not apply with respect to a public institution; (C) the agency or association acts to place an institution on probation, show cause, or equivalent status; or (D) the Secretary notifies the agency that the institution is participating in title IV under a provisional program participation agreement;