Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 1701-E.2. Definitions

The following words and phrases when used in this article shall have the meanings given to them in this section unless the context clearly indicates otherwise:

“Authority.”  The Commonwealth Financing Authority.

“Cost of a project.”  The term includes all items reimbursable under law.

“Cost of PlanCon project.”  Approved reimbursable rentals and approved reimbursable sinking fund charges, capital grants, any necessary or appropriate reserves, costs of issuance and any other financing costs related to a PlanCon project.

“Department.”  The Department of Education of the Commonwealth.

“Finance.”  The lending or providing of funds to a school district for payment of the cost of a project and the provision of funds for a PlanCon project.

“Financing Law.”  The provisions of 64 Pa.C.S. Ch. 15 (relating to Commonwealth Financing Authority).

“PlanCon project.”  The funding of approved reimbursable rentals for approved leases and approved reimbursable sinking fund charges authorized under section 2574 of the Public School Code of 1949   1 and capital grants for a project authorized to be approved under section 2574.4 of the Public School Code of 1949.  2

“Project.”  As defined in 64 Pa.C.S. Ch. 15 (relating to Commonwealth Financing Authority) or any project of a school district that is eligible for reimbursement by the Commonwealth as required under Subarticle (f) of Article XXV of the Public School Code of 1949   3 for approved rental or sinking fund charges.

“Public School Code of 1949.”  The act of March 10, 1949 (P.L. 30, No. 14),  4 known as the Public School Code of 1949.