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Reimbursements for School Construction Bond Issues
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24 P.S. §25-2574


DATE OF ISSUE:        September 1, 1997


DATE OF REVIEW:    July 1, 2008

July 1, 2006

July 1, 2004

July 1, 2002





The purpose of this BEC is to provide information concerning Commonwealth reimbursement on bond issues relating to school construction projects.




The following policy was made effective August 15, 1992, for all PlanCon projects for which Part D (Project Accounting Based on Estimates) has not been approved:


When a project receives approval (PlanCon Parts G and H) as a reimbursable project, the Commonwealth will consider all previous payments made on a bond issue to be reimbursable.


All interest earnings (after deduction of funds due to be rebated to the U.S. Government) must be shared equitably by both the district and the Commonwealth.




Purdon's Statutes


24 P.S. §25-2574

24 P.S. §25-2575

24 P.S. §25-2578


State Board of Education Regulations


22 Pa. Code §§349.20

22 Pa. Code §§349.21

22 Pa. Code §§349.22




PlanCon Parts D, G and H





Bureau of Budget and Fiscal Management

Division of School Facilities

Pennsylvania Department of Education

333 Market Street

Harrisburg, PA 17126-0333

Phone: 717.787.5480




Content Last Modified on 5/18/2009 11:09:39 AM