This bill amends the Fiscal Year 2026 annual appropriations act to broaden the authorized use of grant funding for Centenary University. Specifically, it modifies the existing line-item appropriation of $1,500,000 for Centenary University by deleting the stipulation that the funds must be used exclusively for capital improvements. This change allows the university to utilize the grant for general purposes, thereby providing greater flexibility in how the funds can be allocated.

The total grants-in-aid appropriation for Higher Educational Services is also updated to reflect a new total of $124,300,000. However, it is important to note that this bill does not increase the overall appropriations for Fiscal Year 2026; it simply reallocates the intended use of the funds for Centenary University. The bill is set to take effect immediately upon enactment.