(a) For the 1992-1993 school year, each school district may qualify for payment of the supplement based upon market value/income aid ratio, local tax effort and total expenditure per average daily membership.
(b) To qualify for such supplement, districts shall meet all of the following criteria:
(1) The district's market value/income aid ratio for the school year immediately preceding the school year for which reimbursement is being paid is greater than or equal to five thousand ten-thousandths (0.5000).
(2) The district's equalized millage for the school year immediately preceding the school year for which reimbursement is being paid is greater than or equal to nineteen and five-tenths (19.5).
(3) The district's total expenditure per average daily membership for the school year two (2) years prior to the school year for which reimbursement is being paid is less than or equal to six thousand one hundred ninety-three dollars ($6,193).
(c) The Commonwealth shall pay to each qualifying school district, as determined pursuant to subsection (b), a supplement in an amount calculated as follows:
(1) Determine the product of the district's average daily membership for the school year for which reimbursement is being paid and the district's market value/income aid ratio for the school year for which reimbursement is being paid.
(2) Multiply the result of the calculation pursuant to clause (1) by ninety-three million dollars ($93,000,000).
(3) Divide the result of the calculation pursuant to clause (2) by the sum of the products obtained for all qualifying school districts pursuant to clause (1).
(d) For the school year 1992-1993, each school district that does not qualify for the supplement described in subsections (a) through (c) may qualify for payment of a supplement based upon children in low-income families.
(e) To qualify for the supplement described in subsection (d), the number of children in low-income families residing in the district for the calendar year that concluded during the school year immediately preceding the year for which reimbursement is being paid divided by the district's average daily membership for the school year two (2) years prior to the school year for which reimbursement is being paid must be greater than or equal to thirty-five percent (35%).
(f) The Commonwealth shall pay to each qualifying school district, as determined pursuant to subsections (d) and (e), a supplement in the amount of one hundred dollars ($100) multiplied by the number of children in low-income families residing in the district for the calendar year that concluded during the school year for which reimbursement is being paid.
Credits
1949, March 10, P.L. 30, No. 14, art. XXV, § 2502.22, added 1993, June 7, P.L. 49, No. 16, § 20, effective July 1, 1993.
24 P.S. § 25-2502.22, PA ST 24 P.S. § 25-2502.22
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
