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 bill builds upon the existing FY 2025 Appropriations Act, which already allocates $220.5 million in Outcomes-Based Allocation funding. This funding is distributed based on several metrics, including the number of degrees awarded, the representation of underrepresented groups, and the income levels of students. The supplemental funding aims to address the estimated future needs of these institutions and will be disbursed in accordance with the established guidelines of the FY 2025 Appropriations Act. The act is set to take effect immediately upon passage.