Act 86 of 2016
Act 86 of 2016 included the following revision to the Public
School Code of 1949.
Addition to Article VI-A SCHOOL DISTRICT
FINANCIAL RECOVERY
Section 694-A.
Additional criteria.
The secretary shall
notify each school district that receives educational access program funding
that is equal to or greater than $2,000,000 in any one fiscal year that the
school district has been identified for financial watch status. A school
district identified for financial watch status under this subsection shall
receive technical assistance as a financial watch district from the department
as provided for in section 611-A(b) and shall develop a plan to improve the
school district's finances based on the technical assistance provided by the
department for approval by the secretary. The plan shall be submitted to the
secretary no later than 180 days after the school district has been identified
for financial watch status under this subsection. Each year after the initial
submission of the plan, until the secretary determines otherwise, a school
district subject to this subsection shall submit a report to the secretary
outlining the status of the school district's plan, meet with the secretary or
a designee of the secretary to review the report and the status of the school
district's finances and hold an annual public hearing regarding the plan. A
copy of the school district's approved plan and any subsequent annual reports
to the secretary shall be posted on the publicly accessible Internet website of
the school district and transmitted to the chairperson and minority chairperson
of the Appropriations Committee of the Senate, the chairperson and minority
chairperson of the Appropriations Committee of the House of Representatives,
the chairperson and minority chairperson of the Education Committee of the
Senate and the chairperson and minority chairperson of the Education Committee
of the House of Representatives.