The bill establishes the "Scientific Conference Grant Program" within the Office of the Secretary of Higher Education in New Jersey, aimed at supporting institutions of higher education that host scientific conferences and seminars. It appropriates $250,000 from the General Fund to facilitate the program. Grants awarded under 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 funds cannot be used for food costs or other vendor expenses unrelated to the event space.

Institutions of higher education interested in receiving a grant must submit an application to the secretary, which should include a description and preliminary agenda for the conference or seminar, the names and credentials of invited speakers, and relevant cost information. The secretary will determine the grant amounts awarded based on the applications received. This initiative aims to enhance the scientific community's engagement and knowledge-sharing within the state.