Complex sentence: In 1955, the College was chartered by the Board of Regents of the State of New York and in 1970 the Bachelor's degree was recognized by the Lebanese government as equivalent to the License.
Split into simpler sentences: In 1955, the College was chartered by the Board of Regents of the State of New York. In 1970 the Bachelor's degree program was recognized by the Lebanese government as equivalent to the License.