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Pennsylvania Statutes Title 24 P.S. Education § 26-2606-J. Project reimbursement

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) General rule.--The Commonwealth shall reimburse a school entity that receives department approval on an application under section 2602-J(a)(3)  1 by the amount calculated as follows:

(1) Multiply the base reimbursement amount by the adjustment factor.

(2) Multiply the product under paragraph (1) by the lesser of the project's enrollment and full-time equivalent building capacity.

(3) Multiply the product under paragraph (2) by the school entity's wealth factor.

(b) Limitation.--The maximum payment under this section shall not exceed 65% of a project's structural cost.

(c) Installment payments.--A school entity shall receive equal payments over 20 years totaling the amount determined for reimbursement under subsections (a) and (b).

(d) Adjustment factor.--Beginning July 1, 2020, the adjustment factor shall be zero.

1 24 P.S. § 26-2602-J.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 24 P.S. Education § 26-2606-J. Project reimbursement - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-24-ps-education/pa-st-sect-24-26-2606-j/

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