Section 18A:3B-93 - Applicability of C through C18A:3B-96a. sections 9 through 12 of P.L. 2021, c. 27(C.18A:3B-93 through C.18A:3B-96) shall apply to an institution of higher education or a proprietary institution licensed to offer academic degrees that operates in this State.b. An institution of higher education or a proprietary institution licensed to offer academic degrees shall enter into a school-to-school teach-out agreement at least 120 days prior to the cessation of institution operations.c. In order to satisfy the requirements of this section, a school-to-school teach-out agreement shall: (1) be arranged by the closing institution;(2) be agreed to by an eligible transfer institution, the closing institution, and the secretary;(3) unless waived for good cause by the secretary, specify that the eligible transfer institution shall:(a) be located within a reasonable distance of the closing institution, if the closing institution has a physical presence in the State;(b) accept the transfer of all completed credits from students affected by the closure; and(c) allow a student affected by the closure to complete the student's program with substantially the same number of credit hours as was required by the closing institution;(4) specify that, on request by a student affected by the closure, the closing institution shall provide a complete academic record and an official transcript to the student at no cost to the student; and(5) meet any other standards as deemed appropriate by the secretary.Added by L. 2021, c. 27, s. 9, eff. 9/1/2021.