Extends definition of "education employer" for purposes of statutory public service loan forgiveness program responsibilities to include community colleges and public universities. Alters method of calculating who is considered full-time faculty member at community college or public university for purpose of program to include any faculty member who engages in 30 or more full-time equivalent work hours per week, with each hour of lecture time or classroom time constituting 4.35 full-time equivalent work hours. Authorizes community college or public university to alter multiplier used to calculate full-time faculty member through collective bargaining. Makes changes to statutory public service loan forgiveness program responsibilities retroactive to date faculty member began employment at community college or public university September 25, 2021]. Alters eligibility requirements for subcommittees established by Transfer Council. Extends date by which Higher Education Coordinating Commission must submit report to Legislative Assembly relating to additional legislation or funding required to develop electronic system for dissemination of information regarding foundational curricula and unified statewide transfer agreements from December 15, 2021, to December 15, 2022. Declares emergency, effective on passage.