Provides for direct State payment of cost of special education and related services for certain students.

This bill would require New Jersey to directly pay providers for special education services for students with the most expensive needs, rather than having school districts pay upfront and seek partial state reimbursement. It applies to students whose Individualized Education Program (IEP) costs exceed $55,000 annually (adjusted yearly), covering services like residential care or specialized programs. The state would enter contracts directly with providers, make 10 monthly payments starting in October, and create a new Office of High Needs Placement Funding within the Department of Education to manage these payments. This aims to ensure full funding for high-cost special education as required by federal law, relieving school districts of the financial burden for these students.