§ 21.13-1308. Joint Financial Resources Board.

 A. The Board shall, together with the Cheltenham Board of School Directors (School Board), create a Joint Financial Resources Board, provided the School Board agrees at the continuing initiative of the Board to participate. This Board shall consist of six members. The Board and the School Board each shall appoint two of its own members to the Joint Financial Resources Board and each additionally shall appoint thereto a citizen who is not then a member of either appointing Board.

 B. The Joint Financial Resources Board shall annually review the resources available to the Township and the School District, annually project needs of the Township and the School District for the performance of their respective functions, and make reports at least annually to the Board and the School Board containing recommendations with regard to the utilization of available resources.

   Commentary: : As to whether this Board appointed jointly by the Board and School Board is feasible, and how it would be created, see the Commentary to §  21.13-1306. The Joint Financial Resources Board is essentially a study, planning and advisory body. It is contemplated that such a joint board would attempt to recommend to both Boards plans which would harmonize the financial needs of the Township and School District, particularly on the timing of any tax changes.

   This section cited in 346 Pa. Code §  21.13-1309 (relating to application of Article XIII to specifically designated entitites).