TALLAHASSEE, Fla. -

Florida Gov. Rick Scott is signing into law a sweeping education bill that rolls back graduation standards adopted just three years ago.

Scott on Monday gave his approval to the comprehensive bill which would also let the University of Florida take the lead in online education in the state. The state's most prestigious university would gain the right to offer bachelor degrees completely online.

Scott predicted the measure would transform education.

Three years ago legislators raised the state's graduation requirements, adding tougher courses in math such as Algebra II and science courses such as chemistry and physics.

But the new bill would remove those requirements and instead students would be allowed to take career education courses.