Authorizes certain boards of education to issue bonds to repair damages caused by natural disasters in certain circumstances.

This bill authorizes certain New Jersey school districts (specifically Type II districts without a board of school estimate, excluding state-designated districts) to issue bonds without voter approval to repair school facilities damaged by natural disasters. It requires the school board to adopt a resolution approving the bonds (with a two-thirds vote) and apply to the Commissioner of Education for approval, demonstrating the repairs are necessary for a thorough education system. The commissioner must review applications within 15 business days, and if approved, the bonds can exceed standard debt limits, with repayment funded through district taxes. The bill does not apply to school districts under full State intervention where governance hasn't been restored.