((a)) ** .—** In the case of any for-profit educational institution that is converted to a nonprofit educational institution, the State approving agency or the Secretary when acting as a State approving agency shall conduct annual risk-based surveys of the institution during the three-year period beginning on the date on which the educational institution is so converted.

((b)) ** .—** In this section, the term “risk-based survey” means the risk-based survey developed under .