![](data:image/svg+xml;base64,PD94bWwgdmVyc2lvbj0iMS4wIiBlbmNvZGluZz0iVVRGLTgiPz4KPHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHhtbG5zOnhsaW5rPSJodHRwOi8vd3d3LnczLm9yZy8xOTk5L3hsaW5rIiB3aWR0aD0iMTQ4Ny41cHQiIGhlaWdodD0iMTkyNXB0IiB2aWV3Qm94PSIwIDAgMTQ4Ny41IDE5MjUiIHZlcnNpb249IjEuMiI+CjxnIGlkPSJzdXJmYWNlNSI+CjwvZz4KPC9zdmc+Cg==)
State appropriation............................. $242,096,000
For Pennsylvania College of Technology.
State appropriation............................. $26,736,000
Section 2. Payments to The Pennsylvania State University on
account of the appropriations for all items as provided in
section 1 shall be made on the basis of costs during the fiscal
year.
Section 3. (a) Payments to The Pennsylvania State
University of the appropriations provided in section 1 shall be
made monthly during the fiscal year.
(b) Such monthly payments shall be made in accordance with
the provisions of section 2 on the basis of estimated costs. The
estimate of costs shall be submitted by The Pennsylvania State
University to the Secretary of Education, the General Assembly
and the State Treasurer not later than 30 days prior to the date
on which such payment is to be made.
Section 4. (a) The Pennsylvania State University shall
apply the money appropriated by this act only for such purposes
as are permitted in this act and shall at all times maintain
proper records showing the application of such money. Not later
than 120 days after the close of the fiscal year to which this
act relates, The Pennsylvania State University shall file, with
the Secretary of Education, the General Assembly and the Auditor
General of the Commonwealth, a statement setting forth the
amounts and purposes of all expenditures made from money
appropriated by this act and other university accounts during
said fiscal year, as provided in section 2, used as a basis for
receipt of any appropriation during said fiscal year.
(b) Such statement of expenditures and costs shall be
reviewed by the Auditor General of the Commonwealth, and he
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