§ 25-2510.3. Assistance to school districts declared to be in financial recovery status or iden...
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. EducationEffective: July 8, 2022
Effective: July 8, 2022
24 P.S. § 25-2510.3
§ 25-2510.3. Assistance to school districts declared to be in financial recovery status or identified for financial watch status
(1) For the 2013-2014 and 2016-2017 fiscal years, the Department of Education may utilize up to four million five hundred thousand dollars ($4,500,000) of undistributed funds not expended, encumbered or committed from appropriations for grants and subsidies made to the Department of Education to assist school districts declared to be in financial recovery status under section 621-A1 or identified for financial watch status under section 611-A.2 The funds shall be transferred by the Secretary of the Budget to a restricted account as necessary to make payments under this section and, when transferred, are hereby appropriated to carry out the provisions of this section.
(2) For the 2017-2018, 2018-2019, 2019-2020, 2020-2021, 2021-2022 and 2022-2023 fiscal years, the Department of Education may utilize up to seven million dollars ($7,000,000) of undistributed funds not expended, encumbered or committed from appropriations for grants, subsidies and assessments made to the Department of Education to assist school districts declared to be in financial recovery status under section 621-A, identified for financial watch status under section 611-A or identified for financial watch status under section 694-A;3 except that the funds must be first utilized to accomplish the provisions contained in section 695-A.4 The funds shall be transferred by the Secretary of the Budget to a restricted account as necessary to make payments under this section and, when transferred, are hereby appropriated to carry out the provisions of this section.
(b) For the 2013-2014 fiscal year, the amount of seven million five hundred thousand dollars ($7,500,000) of undistributed funds not expended, encumbered or committed from appropriations for grants and subsidies made to the Department of Education shall be transferred to the Financial Recovery School District Transitional Loan Account to make loans as provided under section 681-A.5
Credits
1949, March 10, P.L. 30, No. 14, art. XXV, § 2510.3, added 2013, July 9, P.L. 408, No. 59, § 12, imd. effective. Amended 2016, July 13, P.L. 716, No. 86, § 17, imd. effective; 2017, Nov. 6, P.L. 1142, No. 55, § 19, imd. effective; 2018, June 22, P.L. 241, No. 39, § 18, effective July 1, 2018; 2019, June 28, P.L. 117, No. 16, § 21, effective July 1, 2019; 2020, June 5, P.L. 223, No. 30, § 21, imd. effective; 2021, June 30, P.L. 158, No. 26, § 10, imd. effective; 2022, July 8, P.L. 620, No. 55, § 58, imd. effective.
Footnotes
24 P.S. § 6-621-A.
24 P.S. § 6-611-A.
24 P.S. § 6-694-A.
24 P.S. § 6-695-A.
24 P.S. § 6-681-A.
24 P.S. § 25-2510.3, PA ST 24 P.S. § 25-2510.3
Current through 2023 Regular Session Act 7. Some statute sections may be more current, see credits for details.
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