(a) A nonpublic school that provides elementary school instruction, secondary school instruction, or both, shall maintain individual pupil academic records.

(b) A nonpublic school which discontinues operation shall notify the chief school administrator of the district in which the school had operated of such discontinuance. The chief school administrator of the district in which the nonpublic school is located shall inform the commissioner in writing within 30 days after the chief school administrator learns of the discontinuance of the school.

(c) A nonpublic school which discontinues its operation may transfer the pupil's academic records to another school or agency upon written notification to the commissioner and the chief school administrator in the district where the school is located. Such notification shall set forth the name and address of the school or agency to which the records will be transferred and the effective date of such transfer.

(d) In the event that the pupil academic records are not transferred to another school or agency, the nonpublic school which has discontined its operation shall transfer such records to the school district in which such school is located, and the chief school administrator of such district shall be responsible for permanently maintaining such records.