The bill establishes the "Scientific Conference Grant Program" within the Office of the Secretary of Higher Education in New Jersey, aimed at supporting public institutions of higher education that host scientific conferences and seminars. It appropriates $250,000 from the General Fund to fund this program. Grants awarded through this program can be used to cover various costs associated with hosting these events, such as event space and speaker-related expenses, including fees, honoraria, travel, and lodging. However, the grants cannot be used for food costs or other vendor expenses unrelated to the event space.

Public institutions of higher education are eligible to apply for these grants, and the application must include a description and preliminary agenda for the conference or seminar, along with the names and credentials of invited speakers and relevant cost information. The amounts of the grants will be determined by the Secretary of Higher Education. This initiative aims to promote scientific discourse and collaboration within the state by providing financial support for educational events.