This bill mandates the appointment of a State monitor for school districts that derive 70 percent or more of their total revenue from State aid, as reported in the Department of Education's Taxpayers Guide to Education Spending. The Commissioner of Education is responsible for appointing the monitor and any necessary additional staff to oversee the district's business operations and personnel matters. However, a monitor will not be appointed in districts where a State monitor is already in place under existing law.

The appointed State monitor will possess the powers and duties outlined in the School District Fiscal Accountability Act, with the exception of certain powers specified in the current law. The bill aims to enhance oversight and accountability in school districts heavily reliant on State funding, ensuring that they operate effectively and transparently. The provisions of the bill are set to take effect immediately upon enactment.