N.J. Stat. § 18A:7F-64
When determining the amount of State school aid that shall be awarded to a school district pursuant to the provisions of P.L. 2007, c. 260(C.18A:7F-43 et al.) or any other law, the Commissioner of Education shall not consider a school district's receipt of federal funds pursuant to section 8002, 8003, 8007, or 8008 of the Elementary and Secondary Education Act of 1965 (20 U.S.C. s. 7702, 7703, 7707, or 7708) in any manner that would cause the school district to be awarded less State school aid than the district would have been awarded had the district not received the federal funds. Such funds shall not be considered when calculating the district's undesignated general fund balance pursuant to section 7 of P.L. 1996, c. 138(C.18A:7F-7).
N.J.S. § 18A:7F-64