Amends the School Code. Requires the State Board of Education to analyze the use of grant fund requests for a consolidation analysis or consolidation expenses in relation to the School District Reorganization Feasibility Studies. Requires the State Board to create a list of overlapping or bordering school districts with the most similar operating tax rates and percentage of adequacy funding per pupil. Requires the State Board to communicate to the superintendents and school boards of those school districts on the list that the State Board's analysis makes the school district a good candidate for the grant funds. Requires the school board to hold a public hearing to review the State Board's written communication and decide whether to apply for the grant funds. Requires the State Board to report to the General Assembly as to whether the school districts on the list applied for the grant funds, whether a grant was awarded, and what, if any, State Board action was taken in response to the grant-funded consolidation analysis. Requires the State Board to also provide to interested school districts a list of neutral parties to conduct an independent consolidation analysis with the grant funds.