All that bill would require would be for the Board of Trustees to consider a topic of it had the signatures of 10,000 people, not actually do anything about it.
That was the biggest mistake the BOT made here, they refused to discuss this situation at all. If they had taken up the topic, even if their answer was just to say it's up to the AD to decide, then this is all a moot topic. By refusing to even discuss it, they just fueled the fire.
If something is important enough for 10,000 (or in this case 20,000) actual people, not online commenters, to sign a petition, then it's important enough for the BOT to at least include it as a topic for discussion. While they most certainly shouldn't be bound by the opinions of every person with a petition, they also shouldn't be able to ignore a topic that has generated this much interest.