HB 2092 — 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.

PRINTER'S NO.    2688

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                         HOUSE BILL
                         No. 2092
                                               Session of
                                                 2025

     INTRODUCED BY GROVE, PICKETT AND KAUFFMAN, DECEMBER 9, 2025

     REFERRED TO COMMITTEE ON EDUCATION, DECEMBER 9, 2025


                                    AN ACT
 1   Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An
 2      act relating to the public school system, including certain
 3      provisions applicable as well to private and parochial
 4      schools; amending, revising, consolidating and changing the
 5      laws relating thereto," in school finances, providing for
 6      reduction of school district debt.
 7      The General Assembly of the Commonwealth of Pennsylvania
 8   hereby enacts as follows:
 9      Section 1.    The act of March 10, 1949 (P.L.30, No.14), known
10   as the Public School Code of 1949, is amended by adding a
11   section to read:
12      Section 641.    Reduction of School District Debt.--(a)   A
13   school district that received money for a construction project
14   approved by the Department of Education under Article XVII-E.2
15   of the act of April 9, 1929 (P.L.343, No.176), known as "The
16   Fiscal Code," before the effective date of this section, shall
17   reduce any debt incurred by the school district in an amount
18   equal to the money received by the school district.
19      (b)   A school district that receives money for a construction
20   project approved by the Department of Education under Article
 1   XVII-E.2 of "The Fiscal Code" after the effective date of this
 2   section shall use the money to reduce any debt incurred by the
 3   school district to pay for the construction project.
 4      (c)   A school district shall reduce the school district's
 5   millage rate as the school district reduces the debt incurred
 6   for the project as required under this section. As used in this
 7   subsection, the term "project" shall have the meaning given to
 8   it in 64 Pa.C.S. § 1504 (relating to definitions) or any project
 9   of a school district that is eligible for reimbursement by the
10   Commonwealth as required under subarticle (f) of Article XXV for
11   approved rental or sinking fund charges.
12      Section 2.   This act shall take effect in 60 days.




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