Pennsylvania Statutes Title 24 P.S. Education § 6-624-A. Termination of status

(1)(i) Following a determination that the school district has satisfied and is continuing to satisfy the criteria for termination of financial recovery status enumerated in section 641-A(9)  1, the secretary may issue a declaration terminating the school district's financial recovery status.

(ii) In making the determination under this paragraph, the secretary shall consider whether the monthly financial reports submitted by the chief recovery officer to the secretary and the department concerning the school district's progress under the financial recovery plan under section 653-A(a)(3) or 664-A(a)(3)  2 indicate that termination of financial recovery status is appropriate.

(i) That the school district's financial recovery status has been terminated.

(ii) The effective date of the termination of financial recovery status.

(iii) A statement of the facts upon which the secretary relied in making the determination.