Limited Revenue Sources Supplement

Act 14 of 1949, § 2502.26, under PUBLIC SCHOOL CODE OF 1949.

Act 14 of 1949, § 2502.26

Section 2502.26. Limited Revenue Sources Supplement.--(a) For the 1992-1993 school year, each school district that does not qualify for any supplement contained in sections 2502.22, 2502.24 and 2502.25 may qualify for payment of a limited revenue sources supplement.

(b) To qualify for such supplement, the district's market value/income aid ratio for the school year immediately preceding the school year for which reimbursement is being paid must be greater than or equal to seven thousand ten-thousandths (0.7000).

(c) The Commonwealth shall pay to each qualifying district, as determined pursuant to subsections (a) and (b), a supplement in an amount equal to the district's average daily membership for the school year for which reimbursement is being paid, multiplied by two percent (2%) of three thousand eight hundred seventy-five dollars ($3,875).

(2502.26 added June 7, 1993, P.L.49, No.16)