(a) Licensure, policies, etc.--The board shall have the power and its duty shall be to approve or disapprove the initial and renewal licensure of schools; to suspend or revoke the licensure of schools; to establish qualifications for teachers, professional staff and directors; to adopt broad policies and principles and to establish standards, rules and regulations. The regulations shall provide for a method of school closure.

(b) Disposition of student records.--The board shall require every applicant for initial licensure to provide a written statement describing arrangements for disposition of student records in the event of closure. It shall be the duty of the board and the department to assist in the execution of the arrangements when necessary.

(c) Enforcement by department.--The regulations promulgated by the board shall be enforced by the department. The department may submit to individual experts for review, programs and courses and financial statements proposed or offered by a school.