N.M. Stat. Ann. § 21-23-6.2
A. Every career school and nonregionally accredited college and university operating in the state shall annually apply to the department for licensure. The career school and nonregionally accredited college or university shall apply on forms approved by the department, shall supply all information requested by the department and shall pay an annual licensure fee set by the department.
B. The department or its designee shall consider information submitted by the career school and nonregionally accredited college or university, information from independent accreditation bodies and information gathered during visits to the career school and nonregionally accredited college or university in determining eligibility for licensure.
C. The department shall promulgate and file, in accordance with the State Rules Act [Chapter 14, Article 4 NMSA 1978], rules that:
(13) establish other requirements necessary to carry out the provisions of the Post-Secondary Educational Institution Act.
D. The department may solicit information pertaining to the financial history and stability of a career school or nonregionally accredited college or university and its owners, including information pertaining to actions of bankruptcy filed within the immediately preceding five years. The department may consider such information in determining eligibility for licensure.
History: 1978 Comp., § 21-23-6.2, enacted by Laws 1994, ch. 108, § 9; 2005, ch. 223, § 6; 2013, ch. 59, § 7.
The 2013 amendment, effective June 14, 2013, changed terms to assign administration of the Post-Secondary Educational Institution Act to the higher education department; and in Subsections A through D, deleted "commission" and added "department".
The 2005 amendment, effective June 17, 2005, provided in Subsection A that every non-regionally accredited college or university operating in New Mexico shall annually apply for a license; provided in Subsection B that the commission shall consider information submitted by the non-regionally accredited college or university and information gathered during visits to the non-regionally accredited college or university in determining eligibility for licensure; provided in Subsections C (1), (2), (4), (6), (9), (10), (11) and (12) that rules promulgated by the commission shall apply to non-regionally accredited college or university; provided in Subsection C(8) that the rules promulgated by the commission shall require all degree granting schools to seek accreditation by an agency recognized by the federal department of education; and provided in Subsection D that the commission shall solicit information about the financial history and stability of non-regionally accredited college or university and their owners.