Section 2502.54. Supplemental Payment of Basic Education Funding for the 2014-2015 School Year.--(a) The Commonwealth shall make the following supplemental basic education funding payments for the 2014-2015 school year as follows:
(1) For a third class school district identified in financial watch status under section 611-A to curtail its educational program and assign pupils to a neighboring school district through a written agreement, an amount of three million dollars ($3,000,000).
(2) For a second class school district declared to be in financial recovery status under section 621-A(a)(1)(i)(B) to reduce its structural deficit, an amount equal to twelve million dollars ($12,000,000).
(b) Payments made under this section shall be deemed to be part of the school district's allocation amount under section 2502.53(b)(1) for the 2015-2016 school year and each year thereafter.
(2502.54 added June 1, 2016, P.L.252, No.35)
Compiler's Note: Section 2 of Act 35 of 2016, which added section 2502.54, provided that the sum of $15,000,000 is hereby appropriated to the Department of Education for the purpose of supplemental payments of basic education funding for the 2014-2015 school year in accordance with section 2502.54.