Enhances State fiscal oversight of certain school districts.
The bill enhances State fiscal oversight of school districts that have received commercial valuation stabilization aid and are located within a municipality in need of stabilization and recovery. It requires these districts to report directly to the Director of the Division of Local Government Services. The director is authorized to oversee fiscal management and expenditures, including approving expenditures. The bill also mandates that State monitors appointed for these districts report directly to the director at least weekly.
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