This bill proposes a supplemental appropriation of $144.2 million to enhance the Outcomes-Based Allocation funding for New Jersey's public four-year institutions of higher education. The funding is intended to support various institutions, including Rutgers University (New Brunswick, Camden, and Newark), New Jersey Institute of Technology, Thomas Edison State University, Rowan University, New Jersey City University, Kean University, William Paterson University, Montclair State University, The College of New Jersey, Ramapo College, and Stockton University. Each institution will receive specific amounts designated for institutional support, with the total funding for each institution clearly outlined in the bill.

The supplemental funding aims to address the financial needs of these institutions based on metrics such as the number of degrees awarded, the representation of underrepresented minority groups, and the socioeconomic status of students. This bill supplements the existing $220.5 million allocated for Outcomes-Based Allocation funding in the FY 2025 Appropriations Act, ensuring that the distribution of funds aligns with the established criteria for supporting educational outcomes. The act is set to take effect immediately upon passage.