Establishes State school aid category to support certain school districts located in municipalities that are part of Highlands or Pinelands preservation areas.

This bill creates a new state funding category to provide additional financial support to specific school districts located in municipalities within New Jersey's Highlands or Pinelands preservation areas. To qualify for this aid, a school district must have experienced a net loss in state funding under previous legislation, have a resident enrollment of at least 500 students, and be situated in a municipality where at least 10 percent of the land is designated for preservation. The amount of additional funding a district receives is calculated by multiplying $250 by the number of preserved acres in its municipality, subject to annual caps of $2.5 million for districts with fewer than 1,000 students and $5 million for those with more.