This bill establishes a minimum student-to-employee ratio for calculating State support for employee fringe benefit costs at four-year public institutions of higher education in New Jersey. Specifically, it mandates that the Director of the Division of Budget and Accounting must ensure that the number of State-funded full-time employee positions does not exceed a ratio of nine full-time equivalent enrolled students for every one full-time employee position. Additionally, the bill clarifies that the director is not prohibited from using a lower ratio for any specific institution, as long as the number of State-funded full-time employee positions does not exceed the actual number of employees at that institution.

The bill aims to provide a structured approach to managing State funding for employee fringe benefits while allowing flexibility for institutions that may have different needs. It is set to take effect immediately and will apply to the first full academic year following its enactment.