Directs Commissioner of Education to establish criteria and make recommendations on designation of school districts as SDA districts.

S 2629 requires New Jersey's Commissioner of Education to establish and periodically update criteria for designating school districts as SDA (School Development Authority) districts. The criteria will include economic factors like equalized valuation per student and district income, as well as school facilities needs such as overcrowding and health/safety issues. The commissioner must recommend these criteria and a list of qualifying districts to the Legislature by March 1, 2025 and every five years after. The bill also ensures districts previously designated as SDA but losing that status will continue to receive full state funding for school facility projects already in design or construction.