Establishes program in New Jersey Collaborating Center for Nursing for support of residency programs at veterans' memorial homes in New Jersey; appropriates $500,000.

This bill creates a program through New Jersey's Collaborating Center for Nursing (NJCCN) to help veterans' memorial homes establish nurse residency programs for licensed practical nurses and registered nurses. It appropriates $500,000 to fund financial, material, and technical support for participating homes, requiring programs to include a 12-month timeline, full-time schedules, and mentoring by experienced nurses. Veterans' memorial homes must apply for support, with approval on a first-come basis, and will collect data on program completion and nurse retention. The program mandates annual reports to the Governor and Legislature on participation and spending.