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 amends existing school funding law (P.L.2007, c.260) by adding new definitions for school finance calculations, such as "at-risk pupils" and "base per pupil amount." It does not create new school aid for housing conversions, as suggested by the title; the bill text contains no provisions related to age-restricted housing developments. The bill focuses solely on revising technical definitions used in the state's school funding formula. It was introduced to the Assembly Education Committee on January 13, 2026.