This is ... odd. Free speech is already protected at public universities and it's enforced by the courts, as it should be. Now there is going to be a duplicate law but how is it going to be enforced? The highly partisan legislative/executive branch is going to watch over it? How? By what rules? That doesn't sound good. Who wants MORE government overhead, especially when it's arbitrary.
Hopefully this is just as symbolic and meaningless as it actually sounds.
On a side note, can you imagine how conservative pundits would rage about this as the executive branch trying to extend its reach into Constitutional matters as "Big Government"?