PRINTER'S NO. 3100
No. 2377 Session of 1998
INTRODUCED BY BARLEY, MARCH 11, 1998
REFERRED TO COMMITTEE ON APPROPRIATIONS, MARCH 11, 1998
AN ACT 1 Making an appropriation to the Trustees of Drexel University, 2 Philadelphia. 3 The General Assembly of the Commonwealth of Pennsylvania 4 hereby enacts as follows: 5 Section 1. The sum of $5,623,000 is hereby appropriated to 6 the Trustees of Drexel University, Philadelphia, for the fiscal 7 year July 1, 1998, to June 30, 1999, for instruction and student 8 aid. 9 Section 2. Payments to Drexel University on account of the 10 appropriation provided in section 1 shall be made by the 11 Secretary of Education in equal quarterly payments. The 12 Secretary of Education shall not release more than the first 13 quarterly payment until such time as the Trustees of Drexel 14 University agree in writing to include a minimum of five members 15 appointed by the Governor and the General Assembly. The 16 Governor, the President pro tempore of the Senate, the Minority 17 Leader of the Senate, the Speaker of the House of
1 Representatives and the Minority Leader of the House of 2 Representatives may each, upon receipt of the written agreement 3 from the trustees, appoint a nonelected official to serve as a 4 member of the board and the terms of office shall be coterminous 5 with that of their appointing authority. 6 Section 3. The Drexel University shall provide full, 7 complete and accurate information as may be required by the 8 Department of Education or the chairman or the minority chairman 9 of the Appropriations Committee of the Senate or the chairman or 10 the minority chairman of the Appropriations Committee of the 11 House of Representatives. 12 Section 4. Drexel University shall report its revenues and 13 expenditures and present its financial statements in accordance 14 with generally accepted accounting principles and procedures for 15 educational institutions as set forth in the "Higher Education 16 Finance Manual (1975)" and the "Commonwealth of Pennsylvania 17 Budget Instructions for the State System of Higher Education, 18 State-Related Universities and Non-State-Related Colleges and 19 Universities." 20 Section 5. The Trustees of Drexel University shall report on 21 forms provided by the Department of Education to the chairman 22 and the minority chairman of the Appropriations Committee of the 23 Senate and the chairman and minority chairman of the 24 Appropriations Committee of the House of Representatives by 25 September 30, 1999, on how State-appropriated funds were 26 expended for fiscal year 1998-1999 to reduce the costs to 27 Pennsylvania resident students or to provide services to 28 Pennsylvania residents. 29 Section 6. This act shall take effect July 1, 1998, or 30 immediately, whichever is later. B3L84RZ/19980H2377B3100 - 2 -