Revises NJBEST one-time grant to annual grant of up to $1,500 for certain contributors.

This bill changes New Jersey's NJBEST program from a one-time $750 grant to an annual $1,500 grant for eligible contributors. It affects low-to-moderate-income account owners (with adjusted gross income under $75,000) who opened NJBEST accounts after June 2021. The grant provides a 3:1 match on annual deposits (up to $1,500 per account) until the designated beneficiary turns 14. The Higher Education Student Assistance Authority will fund these grants using administrative fees collected through the program.