1. Except for the Nevada System of Higher Education, no person may use the term “university” or “college” or any term or abbreviation which represents that the person is a university or college as part of the name or other designation of any entity without authorization from the Commission.
2. The Commission shall adopt regulations for authorizing postsecondary educational institutions to use the term “university” or “college” as part of their respective names or designations. The regulations must provide for consideration of the institution’s qualification to award degrees and may include minimum standards similar to those prescribed by law for licensing by the Commission.