Allocates certain portion of appropriations made to New Jersey Schools Development Authority from "New Jersey Debt Defeasance and Prevention Fund"; appropriates $3.25 million for certain high cost special education services.

This bill allocates $10 million from the "New Jersey Debt Defeasance and Prevention Fund" to fund parking facilities at Colin Powell Elementary School in Union City School District. It also appropriates $3.25 million from the General Fund specifically for high-cost special education services in the same district. The funds require the Department of Education to establish a grant agreement with Union City School District outlining terms and disbursement. The bill directly affects Union City School District students and staff through these targeted infrastructure and special education funding mechanisms.