Provides that regional school districts are not subject to State school aid reductions under certain circumstances.

This bill prevents certain regional school districts in New Jersey from facing state aid reductions during the 2019-2025 school years. It applies specifically to regional districts that are spending at least 10% below state adequacy standards and where every constituent school district is located in a municipality with an equalized tax rate at least 10% above the statewide average. The exemption applies regardless of the district's "State aid differential" (a calculation affecting aid adjustments), provided they meet these two criteria. This directly affects qualifying regional districts that might otherwise see their state funding reduced under standard calculations. The policy change ensures these districts maintain their prior year's aid level adjusted only by the minimum required reductions.