The bill enacts 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, enhance the exchange of licensure and disciplinary information, and empower education officials to hire qualified out-of-state teachers by removing employment barriers. The compact maintains state sovereignty in regulating the teaching profession while providing a framework for granting licenses to teachers relocating between states.

Key provisions include the establishment of an Interstate Teacher Mobility Compact Commission, which will oversee the compact's administration, including the creation of bylaws and a code of ethics. Each member state will appoint a commissioner, with New Mexico designating the secretary of public education or their designee as its representative. The bill also outlines operational aspects such as handling closed meetings, maintaining financial records, and enforcing the compact's provisions, while ensuring the commission's authority to levy assessments and maintain immunity for its members under specific conditions.