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NM SB306
Bill
Status
Engrossed
2/14/2026
Primary Sponsor
Nicole Tobiassen
Click for details
AI Summary
- Eliminates the legal distinction between regionally accredited and nonregionally accredited private post-secondary educational institutions in New Mexico, subjecting all to the same licensure requirements
- Replaces the separate "registration" process for regionally accredited institutions with a unified "licensure" system administered by the Higher Education Department for all private post-secondary schools
- Requires all private post-secondary educational institutions to annually apply for licensure, submit curriculum and enrollment information, maintain surety bonds ($5,000 minimum to 20% of gross annual tuition revenue), and adopt student complaint resolution procedures
- Establishes initial application fees of $200-$5,000 and annual licensing fees of $200-$5,000 for private institutions, with fees proportionate to gross annual tuition revenue
- Removes the previous exemption that allowed regionally accredited colleges and universities to operate under a simplified registration process tied to their accreditation period
Legislative Description
Higher Ed Regional Distinction
Last Action
Sent to HEC - Referrals: HEC
2/15/2026
Committee Referrals
Education2/15/2026
Committees2/4/2026
Full Bill Text
No bill text available