|(a) A new doctoral degree program that fails to satisfy all conditions of approval by the end of the first five years following program implementation shall be notified in writing of said failure by the Board staff. Within sixty (60) days of receipt of notification, the program shall: (1) provide to the Board staff a written report containing the institution's findings as to why all conditions of approval were not met; (2) submit a written plan describing how the program will fulfill all unsatisfied conditions of approval within one year; and (3) at the end of the one-year period provide a report to the Board staff on whether or not all unsatisfied conditions of approval have been fulfilled. (b) A new doctoral degree program that fails to satisfy all remaining conditions of approval during the one-year period referenced in subsection (a)(2) of this section shall be required to show cause why the program should not be closed. (c) Program Closure. If it is determined that a new doctoral degree program should be closed, the institution where the program is located shall: (1) be notified in writing; (2) upon receipt of notification of program closure, shall immediately cease to admit new students to the program and provide Board staff with the names, dates of admission, and projected graduation dates of all students currently enrolled in the program; (3) teach-out students currently enrolled in the program over a period of time not to exceed one and one-half times the normal program length. The Commissioner may extend the duration of the teach-out period if the institution presents compelling evidence that an extension is appropriate and necessary; (4) ensure that all courses necessary to complete the program are offered on a timely basis; (5) automatically close the program when the last student enrolled in the program has graduated or the teach-out period has lapsed; and (6) notify the Coordinating Board when the program is finally closed.