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PRINTER'S NO. 274
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
275
Session of
2015
INTRODUCED BY DeLUCA, D. COSTA, HARKINS, READSHAW AND McCARTER,
FEBRUARY 2, 2015
REFERRED TO COMMITTEE ON EDUCATION, FEBRUARY 2, 2015
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," in school finances, 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.--* * *
(d) A charter or cyber charter school entity may not receive
payment from a school district entity unless it has adopted a
budget that includes an estimated unreserved, undesignated fund
balance of less than five per centum (5%) of the total budgeted
expenditures.
Section 2. This act shall take effect in 60 days.
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