The bill establishes a Career and Technical Education Dual Enrollment Grant Program, which is designed to provide grants to public institutions of higher education in New Jersey. The purpose of the program is to expand or provide college-level career and technical education instruction to high school students through courses offered either on the college campus or in high schools. Institutions wishing to participate must submit an application that includes their plans for establishing or expanding dual enrollment programs, details on existing programs, their capacity to offer such coursework, and the expected number of participating students. The Secretary of Higher Education will determine the allowable uses for grant funds and establish selection criteria for awarding grants through a competitive process, with a preference for programs that can sustain operations beyond the grant funding period.

The bill appropriates $5 million from the General Fund to support the Career and Technical Education Dual Enrollment Grant Program and allows for additional appropriations as necessary. Furthermore, the Secretary of Higher Education is required to submit an annual report to the Governor and the Legislature detailing the program's applicants, grant awards, the number of students supported, its impact on workforce shortages, and recommendations for the program's future. The act will take effect seven months after enactment, although the Secretary may take preliminary administrative actions to implement the program beforehand.