Revises public institution of higher education annual reporting requirements.

This bill updates the annual reporting requirements for New Jersey's public colleges and universities, mandating that they publish detailed information about student demographics, admissions data, and institutional performance. The new requirements include specific metrics such as retention rates, applicant numbers, acceptance rates, and disaggregated data broken down by race, ethnicity, gender, family income, and first-generation status. Additionally, the bill requires institutions to use this collected data to evaluate their diversity, adjust admissions policies, and guide resource allocation toward equity initiatives. Public institutions must prepare these reports in a format established by the Commission on Higher Education, with the changes taking effect starting with the first full academic year after enactment.