1. A pupil who satisfies the criteria established by the State Board by regulation may graduate with a college and career ready high school diploma. A college and career ready high school diploma confers all the same rights, privileges and benefits as a standard high school diploma.

2. The State Board shall adopt regulations that prescribe the criteria for a pupil to receive a college and career ready high school diploma, which must include, without limitation, a requirement that the pupil:

(a) Satisfy the criteria for receipt of a standard high school diploma prescribed by the State Board pursuant to NRS 390.600 and any other criteria established by law; and

(b) Obtain an endorsement described in subsection 3.

3. The State Board shall adopt regulations prescribing the criteria for a pupil to obtain:

(a) A college-ready endorsement that reflects that the pupil has completed certain coursework or obtained experience that makes the pupil qualified for and prepared to succeed in college without the need for remediation.

(b) A career-ready endorsement that reflects that the pupil has completed certain coursework or obtained certain experience that makes the pupil qualified for and prepared to succeed in postsecondary job training or education in high-demand occupations.

4. The regulations adopted pursuant to subsection 3 must include, without limitation:

(a) The number of credits and courses of study that must be completed for each endorsement prescribed pursuant to subsection 3.

(b) Any assessment a pupil must pass for each endorsement prescribed pursuant to subsection 3.

(c) Any credential, certificate or certification a pupil must obtain for each endorsement prescribed pursuant to subsection 3.

5. Any assessment, credential, certificate or certification required for an endorsement must:

(a) Be established so that it is recognized and valued by industries and postsecondary educational institutions; and

(b) Require demonstration of a mastery of tasks aligned to the demands of industries and postsecondary educational institutions.

6. The State Board shall annually review and, if necessary, revise the regulations adopted pursuant to subsection 4.

7. To the extent that money is available for this purpose, the State Board shall adopt regulations to provide:

(a) Incentive grants to be awarded to public high schools for each pupil at the school who earns a college and career ready high school diploma.

(b) Reimbursement to a public high school or school district for any costs associated with the administration or provision of an assessment, credential, certificate or certification required for receipt of a college and career ready high school diploma.

(Added to NRS by 2017, 3245)