Relating to receiving credit for competencies demonstrated prior to enrolling in post-secondary institution of education.

Requires public institutions of higher education to bypass developmental educational requirements and placement tests for each student who receives grade on approved high school equivalency test indicating student is fully qualified to bypass requirements and tests. Requires public institutions of higher education to bypass requirements and tests for score of 165 or higher received on General Educational Development (GED) test unless institution notifies Higher Education Coordinating Commission that institution considers score of higher than 165 in identified subject areas to be necessary to bypass requirements and tests. Requires commission to convene committee upon notification by institution to make final determination, based on justification provided by institution, on whether institution may require score of higher than 165 on General Educational Development (GED) test for student to bypass requirements and tests. Requires committee to submit report to committees of Legislative Assembly relating to higher education if committee agrees with institution's justification.