15-18.1-04. Board powers and duties

15-18.1-04. Board powers and duties The board shall: 1. Establish and require compliance with minimum standards and criteria for postsecondary educational institutions under this chapter. The standards and criteria must include quality of education, ethical and business practices, health and safety and fiscal responsibility, which applicants for authorization to operate shall meet: a. Before such authorization may be issued; and b. To continue such authorization in effect. 2. Prescribe forms and conditions for, receive, investigate as it may deem necessary, and act upon applications for authorization to operate postsecondary educational institutions. 3. Maintain a list of postsecondary educational institutions authorized to operate in this state. 4. Consider entering interstate reciprocity agreements with similar agencies in other states. 5. Receive and maintain a permanent file, copies of academic records specified by the board in the event any postsecondary educational institution required to have an authorization to operate under this chapter proposes to discontinue its operation. 6. Adopt policies for the conduct of its work and the implementation of this chapter. 7. Adopt policies to investigate on its own initiative or in response to any complaint lodged with it, any person subject to, or reasonably believed by the board to be subject to, the jurisdiction of this chapter. The board may, after hearing, revoke or suspend authorizations to operate. 8. Require fees or bonds from postsecondary educational institutions in such sums and under such conditions as it may establish. 9. Apply fees received under this chapter to implement and manage its duties under this chapter. 10. Take any action necessary to carry out the provisions of this chapter.