If exceptions are not properly requested, justified and
approved, the Department will take the following actions:
(1) The Department will not approve a
reimbursable building project when the local share of the total commitment of
the district to capital debt and interest thereon, including that for the
proposed project, is greater than 25% of the total of its revenue from local
sources. The calculations shall be from data projected for the fiscal year in
which the proposed facilities are to be occupied.
(2) The Department will not approve a
reimbursable building project when the sum of the projected local share of the
annual cost of amortization of the project and the current local effort, as
measured in mills on market value, is greater than the product of the Statewide
average for local effort, measured in mills on market value, and 2.0000 minus
the current aid ratio of the district. Calculations under this section will be
made on forms provided in the Department's Construction Planning
Manual.
(3) The Department will not
approve a project if the most recent financial report submitted by the
applicant district shows evidence of possible fiscal distress as determined by
the Department.
Notes
The
provisions of this § 21.51 adopted October 2, 1970, effective
10/3/1970, 1 Pa.B. 324; amended
October 6, 1972, effective 10/7/1972, 2 Pa.B. 1889; amended April 22,
1977, effective 4/23/1977, 7
Pa.B. 1084; amended February 5, 1988, effective 7/1/1988, 18 Pa.B.
553.
The provisions of this § 21.51 amended under
sections 701.1, 731, 733 and 735 of the
Public School Code of 1949 (24 P. S. §§
7-701.1,
7-731,
7-733 and
7-735); section 1319 of The
Administrative Code of 1929 (71 P. S. §
369); and sections 2574.1 and 2576 of the
Public School Code of 1949 (24 P. S. §§
25-2574.1 and
25-2576).
This section cited in 22 Pa. Code §
21.21 (relating to Department
approval); 22 Pa. Code §
21.82 (relating to bid
specifications and bids); and 22 Pa. Code §
21.101 (relating to Construction
Planning Manual).
