Establishes "Minority-Serving State College and University Stabilization Program" in Office of Secretary of Higher Education; appropriates $20 million.

This bill establishes the "Minority-Serving State College and University Stabilization Program" within New Jersey's Office of Higher Education, appropriating $20 million to support eligible institutions. It directly affects public colleges/universities where at least 50% of undergraduate students are racial/ethnic minorities and that have experienced a 10% decline in full-time enrollment plus faculty/staff reductions over two years. Institutions must submit a detailed stabilization plan (including enrollment strategies, staff restoration, and community input) to receive grants, with funds requiring quarterly progress reports and strict spending aligned to approved plans. Unspent funds at year-end will be distributed per student across all qualifying schools.