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

S 2880 provides additional state school aid 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 those living in converted housing) multiplied by the district's per-pupil cost, using the lower of the district's tuition rate or actual cost per pupil. This funding is limited to the actual number of students residing in converted housing who enroll in the district's schools, preventing overpayment for enrollment not directly tied to the conversion.