Exempts an unaccredited degree granting institution from the disclosure requirement under specified conditions.

A BILL FOR AN ACT

SECTION 1. Section 446E-5, Hawaii Revised Statutes, is amended by amending subsection (d) to read as follows:

"(d) No unaccredited institution shall issue degrees unless the institution has an office located in Hawaii, at least one employee who resides in Hawaii, and at least twenty-five enrolled students in Hawaii, in each academic year of its operation for the purpose of performing course requirements that are part of the students' educational curriculum[.]; provided that an unaccredited institution that complies with this subsection and fully complies with all state and federal taxation laws shall be exempt from section 446E-2(a)."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.