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§ 7795. Reports for school district trustees

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: November 6, 2006

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 77. Trusts (Refs & Annos)
Subchapter J. Miscellaneous Provisions
Effective: November 6, 2006
20 Pa.C.S.A. § 7795
§ 7795. Reports for school district trustees
Currentness
(a) Scope.--This section applies if a school district is a trustee of land in accordance with all of the following:
(1) The land is held for the benefit of the public.
(2) The land is not used directly for school purposes.
(b) Requirement.--
(1) By January 30, the school district shall prepare a report for the prior year concerning the trust.
(2) The report shall detail all of the following:
(i) Revenues generated.
(ii) Expenses incurred.
(iii) Balance of funds held by the school district as trustee.
(iv) A statement regarding the activities taken by the trustee during the prior year to advance the purposes of the trust.
(3) The report must be certified as correct by the district superintendent.
(4) The report shall be made public as follows:
(i) The report shall be published in 14-point type in a newspaper of general circulation in each county in which the land is located.
(ii) The report shall be available during business hours for inspection and copying at the office of the district superintendent. A reasonable fee may be charged for copying.

Credits

2006, July 7, P.L. 625, No. 98, § 9, effective in 120 days [Nov. 6, 2006].
20 Pa.C.S.A. § 7795, PA ST 20 Pa.C.S.A. § 7795
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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