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§ 25-2574.2. Approved reimbursable annual rental for leases of buildings and facilities for sch...

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. EducationEffective: December 30, 2019

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
Effective: December 30, 2019
24 P.S. § 25-2574.2
§ 25-2574.2. Approved reimbursable annual rental for leases of buildings and facilities for school use
For extended leases of buildings and facilities for school use authorized under the provisions of section 703.11 which have been approved by the Secretary of Education, the Department of Education shall calculate an approved reimbursable annual rental charge.
Approved reimbursable annual rental for such approved leases of building facilities constructed for school use shall be the lesser of (i) the product of the annual rental payable under the provisions of the approved lease agreement times the ratio of the pupil scheduled area to the architectural area, or (ii) the product of the rated pupil capacity as determined by the Department of Education at the time of initial lease times one hundred sixty dollars ($160) for elementary schools, two hundred twenty dollars ($220) for secondary schools, or two hundred seventy dollars ($270) for area career and technical schools.
Annual approved rental payable for approved leases of existing facilities altered for school use shall be the lesser of (i) the product of the annual rental payable under the provisions of the approved lease agreement times the ratio of the pupil scheduled area to the architectural area, or (ii) the product of the rated pupil capacity, as determined by the Department of Education at the time of initial lease, times one hundred twelve dollars ($112) for elementary, one hundred fifty-four dollars ($154) for secondary, or one hundred eighty-nine dollars ($189) for area career and technical schools.

Credits

1949, March 10, P.L. 30, No. 14, art. XXV, § 2574.2, added 1972, Dec. 6, P.L. 1445, No. 323, § 2, imd. effective. Amended 2019, Oct. 30, P.L. 460, No. 76, § 61, effective in 60 days [Dec. 30, 2019].

Footnotes

24 P.S. § 7-703.1.
24 P.S. § 25-2574.2, PA ST 24 P.S. § 25-2574.2
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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