§ 6-695-A. Financial administrator in financial watch school district
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. EducationEffective: November 6, 2017
Effective: November 6, 2017
24 P.S. § 6-695-A
§ 6-695-A. Financial administrator in financial watch school district
(a) Appointment of financial administrator.--A school district that has been identified for financial watch status under section 694-A1 and, in the 2017-2018 fiscal year or any fiscal year thereafter, receives educational access program funding shall be placed under the supervision of a financial administrator. The financial administrator:
(e) Plan approval.--When the financial administrator completes the financial improvement plan, the financial administrator shall submit the plan to the secretary for approval and provide a copy to the board of school directors. Within 45 days of submission of the plan, the secretary shall approve or disapprove the plan. If the secretary disapproves the plan, the secretary shall include suggested revisions to the plan that will allow for the plan to be resubmitted and approved.
(f) Report of final financial improvement plan.--When the financial improvement plan is approved by the secretary, the financial administrator and the secretary shall present the plan to the board of school directors at a public meeting and transmit copies of the plan to the Governor and the chair and minority chair of the Appropriations Committee of the Senate, the chair and minority chair of the Education Committee of the Senate, the chair and minority chair of the Appropriations Committee of the House of Representatives and the chair and minority chair of the Education Committee of the House of Representatives. The school district shall post the final financial improvement plan and any subsequent revision on the school district's publicly accessible Internet website.
(h) Noncompliance with financial improvement plan.--If the financial administrator and the secretary determine that the board of school directors has not complied with the provisions of the plan, the financial administrator shall assume the authority of the board of school directors, except for the authority to levy taxes under section 507,2 and implement the provisions of the financial improvement plan in consultation with the secretary.
(i) Removal from financial watch status.--The financial administrator, upon consultation with the secretary, provided that the school district has demonstrated the ability to maintain a structurally balanced budget, may remove the school district from financial watch status and, at that time, the provisions of this section shall no longer apply to the school district.
Credits
1949, March 10, P.L. 30, No. 14, art. VI-A, § 695-A, added 2017, Nov. 6, P.L. 1142, No. 55, § 4, imd. effective.
24 P.S. § 6-695-A, PA ST 24 P.S. § 6-695-A
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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