Provides additional State school aid to school districts experiencing enrollment increases due to conversion of age-restricted housing developments to non-restricted developments.

This bill provides additional state school funding to New Jersey school districts experiencing enrollment increases when age-restricted housing developments (like senior communities) are converted to regular housing. The aid amount equals the increase in student enrollment from the last full school year before the housing conversion multiplied by the district's actual cost per pupil or its tuition rate, whichever is lower. The funding is limited to the actual number of students who reside in the converted development and enroll in public schools. This assistance helps districts cover costs associated with new students from housing conversions. The bill applies immediately to districts where such conversions occur.