Section 292:8-kk Reports Required.
I. When any institution of higher learning ceases the regular conduct of instruction, either temporarily or permanently, whether or not the corporation is dissolved, the original written academic record, or a legible, certified copy thereof as defined by the institution, of each student who has been registered for instruction at the institution shall be forwarded to the postsecondary education commission together with an explanation of the institution's credit and grading system. The postsecondary education commission shall preserve these records and upon request of the individual concerned, shall furnish a certified copy, or reasonable number of such copies, of the individual's record. The fee for each record so furnished to be paid to the commission shall be sufficient to cover related costs.
II. All transcript request fees collected by the postsecondary education commission under this section shall be deposited into a nonlapsing, revolving fund to be used for managing the storage, maintenance, and retrieval of closed school transcripts.
Source. 1969, 4:1. 1973, 533:13. 1979, 87:1, eff. June 29, 1979. 2003, 235:4, eff. Sept. 5, 2003. 2004, 105:1, eff. July 16, 2004. 2008, 338:9, eff. July 1, 2008.