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§ 25-2502.26. Limited revenue sources supplement

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. Education

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 1. Public School Code of 1949 (Refs & Annos)
Article XXV. Reimbursements by Commonwealth and Between School Districts (Refs & Annos)
Subarticle (b). Instruction
24 P.S. § 25-2502.26
§ 25-2502.26. Limited revenue sources supplement
(a) For the 1992-1993 school year, each school district that does not qualify for any supplement contained in sections 2502.22, 2502.24 and 2502.251 may qualify for payment of a limited revenue sources supplement.
(b) To qualify for such supplement, the district's market value/income aid ratio for the school year immediately preceding the school year for which reimbursement is being paid must be greater than or equal to seven thousand ten-thousandths (0.7000).
(c) The Commonwealth shall pay to each qualifying district, as determined pursuant to subsections (a) and (b), a supplement in an amount equal to the district's average daily membership for the school year for which reimbursement is being paid, multiplied by two percent (2%) of three thousand eight hundred seventy-five dollars ($3,875).

Credits

1949, March 10, P.L. 30, No. 14, art. XXV, § 2502.26, added 1993, June 7, P.L. 49, No. 16, § 20, effective July 1, 1993.

Footnotes

24 P.S. §§ 25-2502.22, 25-2502.24, 25-2502.25.
24 P.S. § 25-2502.26, PA ST 24 P.S. § 25-2502.26
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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