§3721.__Establishment

There is established as a dedicated special revenue account the Fund for the Efficient Delivery of Education Services, referred to in this subchapter as "the fund."

§3722.__Fund source; nonlapsing

The fund consists of revenues transferred from the General Purpose Aid for Local Schools account, any funds reimbursed to the fund pursuant to section 3704, subsection 4 and any funds received as contributions from private and public sources. Eligible investment earnings credited to the assets of the fund become part of the assets of the fund.__Any balance remaining in the fund at the end of any fiscal year does not lapse and must be carried forward for the next fiscal year.

§3723.__Administration

The fund, to be accounted within the department, must be held separate and apart from all other money, funds and accounts.__The department shall administer the fund.

§3724.__Transfers to fund

The Treasurer of State shall transfer from the amount appropriated for general purpose aid for local schools to the fund the following amounts on the first day of each of the following state fiscal years:

1.__Fiscal year 2004-05.__In fiscal year 2004-05, an amount equivalent to 1/2 of 1% of the total amount appropriated for general purpose aid for local schools;

2.__Fiscal year 2005-06.__In fiscal year 2005-06, an amount equivalent to one percent of the total amount appropriated for general purpose aid for local schools;

3.__Fiscal year 2006-07.__In fiscal year 2006-07, an amount equivalent to 2% of the total amount appropriated for general purpose aid for local schools;

4.__Fiscal year 2007-08.__In fiscal year 2007-08, an amount equivalent to 2% of the total amount appropriated for general purpose aid for local schools;