Creates Task Force on Higher Education Governance and Funding; appropriates $200,000.

This bill establishes a 13-member Task Force on Higher Education Governance and Funding to study New Jersey's higher education system, including its organizational structure, oversight mechanisms, and financial support. The task force will include representatives from state agencies, universities, colleges, and labor organizations, with appointments made within 60 days of the bill's effective date. The group is required to hold at least one public hearing, examine how current funding affects tuition and student outcomes, and submit data-driven recommendations to the Legislature on how to adequately and equitably fund public higher education institutions. The bill appropriates $200,000 to cover the task force's operational costs and member reimbursement for necessary expenses.