Extends eligibility for short-term financial assistance under Transitional Aid to Localities program to municipalities that lose a major commercial ratable.

S 2113 extends short-term financial assistance under New Jersey's Transitional Aid to Localities program to municipalities that suffer fiscal distress due to losing a "major local business ratable" - a commercial or industrial property generating over 10% of a municipality's property tax revenue or classified as the largest taxable asset. The bill allows the Director of Local Government Services to allocate program funds directly to affected municipalities (or school districts/counties) without imposing additional oversight requirements typically tied to the program. This provides immediate relief to prevent property tax hikes or service cuts for residents when a major tax-paying business leaves or is destroyed. The measure codifies a temporary provision from the 2015 budget into permanent law, specifically addressing revenue losses from tax-exempt property conversions.