HB 119: Public School Debt and Funds
H.B. 119, P.N. 915 (TEWCIC) This would amend the Public School Code, Act 14 of 1949, P.L. 30.
A school district would be able, after voter approval of a resolution approving such, to levy a personal income general revenue school district tax.
A School Financing Authority would be created. This Authority would manage and administer all public school debt.
An Education Operating Fund would be created. This fund would make quarterly disbursements of funds to school districts.