Establishes Private Institution of Higher Education Security Grant Program; appropriates $5 million.

This bill creates a new security grant program for private colleges and universities in New Jersey that are at high risk of violence, vandalism, or cyber attacks. The $5 million appropriation will fund security measures such as hiring personnel, purchasing protective equipment, and installing surveillance systems at eligible institutions. The Office of Homeland Security and Preparedness will manage the program, prioritizing schools that haven't recently received similar state or federal security funding. Private institutions must apply and explain how they plan to use the grant money for security improvements.