Section 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.