Higher education; funding and related policy changes provided to bonding, licensure, and grant provisions; fees established; and money appropriated.

This bill updates Minnesota's higher education funding and fee structure by increasing the state's revenue bond limit for school construction projects from $1.3 billion to $2 billion. It also establishes new registration and licensure fees for private career schools, setting specific charges based on the number and type of degrees offered, such as $2,000 for a new associate degree program. Additionally, the legislation introduces penalty fees of $600 for schools that submit multiple revisions or corrections to their initial or renewal applications, allowing them two final submission attempts if the fee is paid. These changes directly affect private career schools and the state's higher education authority by altering how much money can be borrowed for facilities and how much schools must pay to register and maintain their licenses.