The bill establishes the "Interstate Teacher Mobility Compact" in New Mexico, designed to facilitate the movement of teachers across member states by creating a streamlined pathway to licensure. It aims to support eligible military spouses, improve the exchange of licensure information, and empower education officials to hire qualified out-of-state teachers by removing barriers to employment and relicensure. While promoting teacher mobility, the compact also emphasizes the importance of state sovereignty in regulating the teaching profession, allowing states to maintain control over their licensure processes.

Key provisions of the bill include the formation of the Interstate Teacher Mobility Compact Commission, which will oversee the compact's implementation and consist of one delegate from each member state, known as a commissioner. The bill amends existing law by designating the secretary of public education or their designee as New Mexico's commissioner, ensuring the state's interests are represented. Additionally, the bill outlines operational aspects of the commission, such as maintaining accurate records, handling closed meetings, and ensuring financial accountability, while providing mechanisms for dispute resolution and enforcement of the compact's provisions.