An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, providing for the Budget Impasse Reimbursement Program and for grants to certain eligible entities; and establishing the Budget Impasse Reimbursement Restricted Account.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill creates the Budget Impasse Reimbursement Program to provide financial assistance to eligible entities, such as schools, human services providers, and nonprofits, that incurred financing costs or lost interest income due to a budget impasse between July 1, 2025, and November 12, 2025. It establishes a restricted account funded by the General Fund and Budget Stabilization Reserve Fund to cover these reimbursements. The Office of the Budget will administer the program and oversee grant applications and payments.
Key provisions
- Establishes the Budget Impasse Reimbursement Program to reimburse eligible entities for financing costs and lost interest income.
- Defines key terms, including ‘budget impasse,’ ‘eligible entity,’ ‘grant,’ and ‘impasse-generated interest.’
- Creates the Budget Impasse Reimbursement Restricted Account to hold funds for grant payments.
- Specifies the source of funds for the restricted account, including transfers from the General Fund and Budget Stabilization Reserve Fund.
- Outlines the role of the Office of the Budget in administering the program, including application review and grant awards.
- Requires the State Treasurer to calculate and report impasse-generated interest.
- Mandates reporting by the Office of the Budget to the Governor and legislative committees on program activities and expenditures.
Who is affected
- School Districts
Bill text
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Document of record
- Version
- Pn 1339 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
Judith Schwank
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