Appropriates moneys from General Fund to Higher Education Coordinating Commission for certain biennial expenses. Limits biennial expenditures by commission from certain lottery moneys. Appropriates moneys from General Fund to Emergency Board for allocation to commission to award grants to specified universities. Limits certain biennial expenditures from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by commission for certain purposes. Limits biennial expenditures by commission from federal funds for certain purposes. Limits biennial expenditures by commission from timber tax funds for Community College Support Fund. Authorizes specified nonlimited expenditures. Declares emergency, effective July 1, 2023.