§ 6-663-A. Development and approval of plan
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. EducationEffective: July 12, 2012
Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 1. Public School Code of 1949 (Refs & Annos)
Article VI-a. School District Financial Recovery (Refs & Annos)
Subarticle (c). School District Financial Recovery
(v) Process for Severe Financial Recovery School Districts
Effective: July 12, 2012
24 P.S. § 6-663-A
§ 6-663-A. Development and approval of plan
(1) Within 30 days of appointment, the chief recovery officer of a school district that votes to proceed under section 662-A(1)1 shall develop a financial recovery plan that complies with section 641-A2 and provide copies of the plan to the school district business office, each member of the board of school directors, the superintendent of the school district and the solicitor of the school district. The chief recovery officer may comply with this subsection by providing copies of the plan by electronic mail.
(1)(i) Within ten days of the chief recovery officer's submission of the plan to the board of school directors, the board of school directors shall approve or disapprove the plan by majority vote at a public meeting of the board of school directors. The approval of the plan by the board of school directors shall constitute the school district's application for a loan under Subdivision (vii)3 in the amount specified in the financial recovery plan.
(ii) The school district shall not receive technical assistance from the department under section 626-A.4
(iii) The secretary shall petition the court of common pleas of the county in which the school district or the largest part in area of the school district is located for the appointment of a receiver under Subdivision (vi).5
(2) Within ten days of the chief recovery officer's submission of the plan to the secretary, the secretary shall approve or disapprove the plan in a written statement. The approval of the plan by the secretary shall constitute the department's approval of a loan under Subdivision (vii) in the amount specified in the financial recovery plan.
(ii) The chief recovery officer shall develop a revised plan within 20 days of receipt of the secretary's written statement disapproving the plan, distribute copies of the plan as required under subsection (a) and submit the revised plan to the board of school directors and the secretary for approval under subsection (c) and this subsection.
Credits
1949, March 10, P.L. 30, No. 14, art. VI-A, § 663-A, added 2012, July 12, P.L. 1142, No. 141, § 10, imd. effective.
Footnotes
24 P.S. § 6-662-A.
24 P.S. § 6-641-A.
24 P.S. § 6-681-A et seq.
24 P.S. § 6-626-A.
24 P.S. § 6-671-A et seq.
24 P.S. § 6-663-A, PA ST 24 P.S. § 6-663-A
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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