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§ 25-2575.1. Payments on account of building costs

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 (f). School Building Rentals and Sinking Fund Charges
24 P.S. § 25-2575.1
§ 25-2575.1. Payments on account of building costs
(a) The Commonwealth shall pay to any school district making a preliminary payment on account of the approved building construction or approved renovation cost as authorized by section 7831 or by clause (4) of section 7902 or by clause (5) of section 7913 of this act, an amount determined by multiplying the district's capital account reimbursement fraction computed for the year 1967 or aid ratio whichever is larger by the amount of the payment made by the school district.
(b) Whenever any school district provides the full payment on account of approved building construction or approved renovation cost without incurring debt, or without assuming a lease, the Commonwealth shall pay to such school district an amount determined by multiplying the district's capital account reimbursement fraction computed for the year 1967 or aid ratio whichever is larger by the amount of the payment made by the school district.
(c) The payment required by this section shall be made for the year in which the school district made its payment on account of the approved building construction or approved renovation cost.

Credits

1949, March 10, P.L. 30, No. 14, art. XXV, § 2575.1, added 1957, July 11, P.L. 775, § 6. Amended 1961, Sept. 12, P.L. 1268, § 4; 1966, Jan. 26, P.L. (1965) 1591, § 2; 1968, June 12, P.L. 192, No. 96, § 10; 1992, July 9, P.L. 392, No. 85, § 7, effective in 60 days.

Footnotes

24 P.S. § 7-783.
24 P.S. § 7-790 cl. (4).
24 P.S. § 7-791 cl. (5).
24 P.S. § 25-2575.1, PA ST 24 P.S. § 25-2575.1
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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