Enhances State fiscal oversight of certain school districts.

This bill requires school districts receiving "commercial valuation stabilization aid" in municipalities under New Jersey's Municipal Stabilization and Recovery Act (like Atlantic City) to report weekly directly to the Director of the Division of Local Government Services. It grants this director authority to approve school district expenditures and oversee fiscal management, including for districts already under a State monitor. The law coordinates existing state oversight of municipal and school district finances in struggling communities. It takes immediate effect upon passage.