Authorizes establishment of charter school payment reserve account in school districts.

This bill creates a new "charter school payment reserve account" that New Jersey school districts can establish to cover unexpected increases in payments to charter schools. It directly affects school districts that budget less for charter school payments than the state department projects, as the reserve funds would finance the difference between the initial budget and actual payments based on October enrollment. Districts can fund the reserve through their annual budget or year-end transfers of unspent revenue. The bill amends existing law to add this specific reserve account, ensuring districts have a mechanism to manage these payment shortfalls without disrupting other funding.