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PA HB258

PA HB258
In school finances, providing for reduction of school district debt.


summary

Introduced
01/26/2021
In Committee
01/26/2021
Crossed Over
Passed
Dead
11/30/2022

Introduced Session

2021-2022 Regular Session

Bill Summary

An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in school finances, providing for reduction of school district debt.

AI Summary

This bill amends the Public School Code of 1949 to require school districts that received funds for a construction project approved by the Department of Education to reduce any debt incurred by the school district in an amount equal to the funds received. School districts that receive such funds after the effective date of this section must use the funds to reduce the debt incurred for the construction project. Additionally, the school district must reduce its millage rate as the debt is reduced.

Committee Categories

Education

Sponsors (17)

Last Action

Referred to EDUCATION (on 01/26/2021)

bill text


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