LEGISLATIVE FISCAL ESTIMATE
ASSEMBLY, No. 2353
STATE OF NEW JERSEY
221st LEGISLATURE
DATED: MAY 20, 2024
SUMMARY
Synopsis: Establishes “Scientific Conference Grant Program”; appropriates
$250,000.
Type of Impact: State expenditure increase from the General Fund. Revenue and
expenditure increases for institutions of higher education.
Agencies Affected: Office of the Secretary of Higher Education; Institutions of higher
education.
Office of Legislative Services Estimate
Fiscal Impact Year 1 Year 2 and Thereafter
State Cost Increase Up to $250,000 Indeterminate
Institutions of Higher Education
Revenue Increase Up to $250,000 Indeterminate
Institutions of Higher Education
Cost Increase Indeterminate Indeterminate
 The Office of Legislative Services (OLS) concludes that the bill may result in a State cost
increase of up to $250,000 in the first year the bill is in effect. If the full $250,000 is not
expended in the first year, the residual amount will be spent in subsequent fiscal years until the
full $250,000 is exhausted. Costs to the State in subsequent years to continue providing grants
under the program are indeterminate.
 The State expenditure increase would lead to a concurrent revenue increase for institutions of
higher education that receive grants under the program. The grants would be used to defray
costs associated with hosting a scientific conference or seminar.
BILL DESCRIPTION
This bill establishes in the Office of the Secretary of Higher Education the Scientific
Conference Grant Program, which would award grants to institutions of higher education in the
State that host scientific conferences and seminars. Grants awarded under the program would be
used to defray costs associated with hosting a scientific conference or seminar, such as speaker
Office of Legislative Services Legislative Budget and Finance Office
State House Annex Phone (609) 847-3105
P.O. Box 068 Fax (609) 777-2442
Trenton, New Jersey 08625 www.njleg.state.nj.us
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fees, honoraria, travel, and lodging. The bill provides the Secretary of Higher Education the
authority to determine the award amounts for each institution applying for funds under the
program.
The bill appropriates $250,000 from the General Fund to the Office of the Secretary of Higher
Education to effectuate the purposes of the bill.
FISCAL ANALYSIS
EXECUTIVE BRANCH
None received.
OFFICE OF LEGISLATIVE SERVICES
The OLS concludes that the bill may result in a State cost increase of up to $250,000 in the
first year the bill is in effect. If the full $250,000 is not expended in the first year, the residual
amount will be spent in subsequent fiscal years until the full $250,000 is exhausted. Costs to the
State in subsequent years to continue providing grants under the program are indeterminate.
The State expenditure increase would lead to a concurrent revenue increase for institutions of
higher education that receive grants under the program.
Section: Education
Analyst: Christopher Myles
Senior Fiscal Analyst
Approved: Thomas Koenig
Legislative Budget and Finance Officer
This legislative fiscal estimate has been produced by the Office of Legislative Services due to the
failure of the Executive Branch to respond to our request for a fiscal note.
This fiscal estimate has been prepared pursuant to P.L.1980, c.67 (C.52:13B-6 et seq.).