Establishes pilot program to study feasibility of regionalization of certain school districts; appropriates $150,000.

This bill establishes a pilot program to study whether consolidating certain grade 9-12 regional school districts with their K-8 constituent districts into a single K-12 regional district is feasible. It appropriates $150,000 to fund three pilot sites (one in each of New Jersey's northern, central, and southern regions) over a six-year process: a one-year planning phase (with up to $50,000 in grants for feasibility studies), a five-year implementation phase requiring voter approval in each community, and an independent evaluation. The program will assess impacts on student achievement, finances, and community satisfaction, with the state providing incentive aid to equalize costs during implementation. The bill does not mandate consolidation but creates a structured study to inform future decisions.