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. To participate, institutions must submit an application that outlines their plans for dual enrollment programs, existing programs, capacity to offer coursework, and expected student participation. 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 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, student participation, and its impact on workforce shortages in the state, along with recommendations for the program's continuation or expansion.