THE GENERAL ASSEMBLY OF PENNSYLVANIA

HOUSE BILL

INTRODUCED BY DENLINGER, MILLER, REICHLEY, ADOLPH, BARRAR, BOYD, CLYMER, CREIGHTON, CUTLER, EVERETT, FLECK, GABLER, GROVE, HARPER, HENNESSEY, HICKERNELL, HORNAMAN, KAUFFMAN, M. KELLER, KOTIK, MARSICO, MICOZZIE, MURT, O'NEILL, PEIFER, PETRI, PICKETT, PYLE, RAPP, ROAE, ROHRER, ROSS, SAYLOR, SCAVELLO, STEVENSON, SWANGER, TALLMAN, VULAKOVICH, WATSON, BENNINGHOFF AND BEYER, JUNE 3, 2009

REFERRED TO COMMITTEE ON EDUCATION, JUNE 3, 2009  

AN ACT

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," further providing for limitations on

certain unreserved fund balances.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1.  Section 688 of the act of March 10, 1949 (P.L.30,

No.14), known as the Public School Code of 1949, is amended by

adding a subsection to read:

Section 688.  Limitations on Certain Unreserved Fund

Balances.--* * *

(a.1)  A school district may exceed the ending unreserved,

undesignated fund balance limits set by subsection (a) for the

purpose of accumulating funds for projected employer

contribution rate increases for Public School Employees'

Retirement System members. The provisions of this subsection

shall be exempt from referendum requirements under the act of

June 27, 2006 (1st Sp.Sess., P.L.1873, No.1), known as the

Taxpayer Relief Act. The provisions of this subsection shall

expire five years from the effective date of this subsection.

* * *

Section 2.  This act shall take effect in 60 days.