Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 6926.903 - School district choice(a)General rule.--Within 30 days of receipt of the notice required under section 505(a)(4), a board of school directors of a school district, except a school district of the first class, may by resolution reject the property tax reduction allocation provided to the school district pursuant to Chapter 5.(b)Notice to department.--Within five days after adopting the resolution, the board of school directors shall notify the department in a form and manner prescribed by the department.(c)Effect of resolution.--A school district that adopts a resolution pursuant to subsection (a) shall be ineligible to receive a property tax reduction allocation pursuant to Chapter 5 for the upcoming fiscal year, and the school district's property tax reduction allocation shall be deposited into the Property Tax Relief Reserve Fund. 2006, June 27, P.L. 1873, No. 1(Spec. Sess. No. 1), § 903, imd. effective.