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PA HB890

PA HB890
In school finances, providing for reduction of school district debt.


summary

Introduced
04/10/2023
In Committee
04/10/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An act relating to the public school system, including certain provisions applicable as well to private and parochial schools; amending, revising, consolidating and changing the laws relating thereto," 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 receive funds for construction projects approved by the Department of Education under The Fiscal Code to use those funds to reduce any debt incurred by the school district for the construction project. The bill also requires the school district to reduce its millage rate as the debt is paid down. The bill uses the term "project" as defined in 64 Pa.C.S. § 1504 or any project eligible for Commonwealth reimbursement of approved rental or sinking fund charges. The bill will take effect in 60 days.

Committee Categories

Education

Sponsors (9)

Last Action

Referred to EDUCATION (on 04/10/2023)

Bill Topics

Education
  • ‐ Elementary and Secondary Education

bill text


bill summary

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bill summary

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