Sec. 1. All postsecondary SEI affiliated educational institutions seeking to offer instructional or educational services, and the instructional or educational programs, including degree programs, offered by these institutions, whether onsite, online, or through any combination of these or other instructional modalities, must be authorized by the executive officer of the commission and approved by the commission. The executive officer of the commission may:
(1) develop procedures for authorizing such institutions to offer such instructional programs in Indiana to the extent required by the United States Department of Education; and
(2) enter into interstate reciprocity agreements for purposes of this chapter.