§ 25-2502.48. Basic education funding for student achievement
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. EducationEffective: July 1, 2011
Effective: July 1, 2011
24 P.S. § 25-2502.48
§ 25-2502.48. Basic education funding for student achievement
(iii) the sum of three and seven hundred fifty-three one-thousandths (3. 753) and the product of the natural logarithm of the school district's funding year average daily membership and negative twenty-three one-hundredths (-.23), provided that such amount shall be no less than one and forty-eight one-hundredths (1.48) and no greater than two and forty-three one-hundredths (2.43).
(1) An amount equal to the basic education funding allocation for the 2006-2007 school year under sections 2502.13(m), 2502.47 and 2504.4(a.3).1
(2) If a school district has been declared a Commonwealth partnership school district under Article XVII-B,2 an amount equal to four million dollars ($4,000,000).
(3)(i) For a school district with 2006-2007 equalized millage that is greater than or equal to 24.7, which represents the eightieth percentile of the equalized millage of all school districts as of the effective date of this section, for the 2007-2008 school year, sixteen and seventy-five one hundredths percent (16.75%) of the State funding target determined under subsection (c).
(ii) For a school district with 2006-2007 equalized millage that is less than 24.7, which represents the eightieth percentile of the equalized millage of all school districts as of the effective date of this section, for the 2007-2008 school year, ten percent (10%) of the State funding target determined under subsection (c).
(e) The Department of Education shall provide additional funding for the 2007-2008 school year to any school district where the amount determined under subsection (d)(3) provides an amount less than three percent (3%) of the amount determined under subsection (d)(1). The amount of additional funding shall be the amount required so that the sum of subsection (d)(3) and this subsection equals three percent (3%) of the amount provided under subsection (d)(1).
Credits
1949, March 10, P.L. 30, No. 14, art. XXV, § 2502.48, added 2008, July 9, P.L. 846, No. 61, § 30, retroactive effective July 1, 2008. Amended 2011, June 30, P.L. 112, No. 24, § 34, effective July 1, 2011.
24 P.S. § 25-2502.48, PA ST 24 P.S. § 25-2502.48
Current through 2023 Regular Session Act 7. Some statute sections may be more current, see credits for details.
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