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§ 25-2502.29. Basic education funding

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. § 25-2502.29
§ 25-2502.29. Basic education funding
Currentness
(a) For the purposes of this section, the phrase “base amount” shall mean for each school district the amount of funds received by the school district for the school year 1993-1994 pursuant to section 2502.21 plus the amount of funds received by the school district for foundation funding for equity for school year 1993-1994 pursuant to the act of June 16, 1994 (P.L. 1473, No. 6A), known as the “General Appropriation Act of 1994,” and any supplements thereto.
(b)(1) For 1994-1995 school year, each school district shall receive the amount calculated pursuant to clause (2) or (3), whichever is greater.
(2) The base amount of the district divided by the average daily membership of the district during the 1993-1994 school year multiplied by one hundred three per centum (103%) multiplied by the average daily membership of the district during the 1994-1995 school year.
(3) The base amount of the district multiplied by one hundred one per centum (101%) if the market value/income aid ratio (MV/PIAR) is less than five thousand ten-thousandths (0.5000), the base amount of the district multiplied by one hundred two per centum (102%) if the market value/income aid ratio (MV/PIAR) is greater than or equal to five thousand ten-thousandths (0.5000) and less than seven thousand ten-thousandths (0.7000), and the base amount of the district multiplied by one hundred four per centum (104%) if the market value/income aid ratio (MV/PIAR) is greater than or equal to seven thousand ten-thousandths (0.7000).

Credits

1949, March 10, P.L. 30, No. 14, art. XXV, § 2502.29, added 1995, June 30, P.L. 220, No. 26, § 10, imd. effective. Amended 1996, July 11, P.L. 633, No. 107, § 8, imd. effective.
24 P.S. § 25-2502.29, PA ST 24 P.S. § 25-2502.29
Current through 2023 Regular Session Act 7. Some statute sections may be more current, see credits for details.
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