An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in school finances, further providing for limitations on certain unreserved fund balances.

Summary

The bill changes the 1949 Public School Code to set limits on the amount of unreserved money that public schools may retain. It applies to all Pennsylvania public school districts and is intended to ensure that excess cash is not kept unnecessarily. The measure is currently referred to the House Finance Committee.

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