Relating to regulation of post-secondary institutions of education.

Requires Higher Education Coordinating Commission and Department of Veterans' Affairs to adopt by rule additional minimum standards regarding source of tuition revenue for licensing of career schools that receive $10 million or more in annual revenue or that are subsidiary with parent company ] and schools authorized to confer degrees . Establishes different criteria for career schools and schools authorized to confer degrees that collect $1 million or more in annual gross tuition revenue. Establishes civil penalty for violation of standards.