Sec. 2. After March 29, 1971, a state educational institution may not:
(1) establish any new branch, regional campus, campus, or extension center;
(2) establish any new or additional academic college or school; or
(3) offer any:
(A) new associate, baccalaureate, or graduate degree; or
(B) additional program of two (2) semesters or an equivalent duration leading to a certificate or other indication of accomplishment;
without the approval of the commission for higher education or without specific authorization by the general assembly.