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

This bill establishes a program through New Jersey's Collaborating Center for Nursing (NJCCN) to support veterans' memorial homes in creating nursing residency programs for licensed practical nurses (LPNs) and registered professional nurses (RNs). Veterans' memorial homes can apply for financial, material, and technical assistance from NJCCN to develop these 12-month, full-time training programs, which must include preceptor support and data collection on program completion and staff retention. The bill appropriates $500,000 from the General Fund to fund this initiative and requires participating homes to submit applications detailing program details. NJCCN will collect data on program participation and spending, reporting annually to the Governor and Legislature.