HB 118: Commonwealth Assumption of School District Debt
H.B. 118, P.N. 914 (DENLINGER) This would amend Title 53 (Municipalities Generally).
This would prohibit a school district from incurring electoral debt, non-electoral debt, or lease rental debt after July 1, 2006. All such debt existing prior to then would be identified and reported to the Revenue Department. The Commonwealth would assume all such debt as of January 1, 2007.