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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY CORMAN, JUNE 8, 2011 |
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| REFERRED TO APPROPRIATIONS, JUNE 8, 2011 |
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| A SUPPLEMENT |
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1 | To the act of April 1, 1863 (P.L.213, No.227), entitled "An act |
2 | to accept the grant of Public Lands, by the United States, to |
3 | the several states, for the endowment of Agricultural |
4 | Colleges," making appropriations for carrying the same into |
5 | effect; providing for a basis for payments of such |
6 | appropriations, for a method of accounting for the funds |
7 | appropriated and for certain fiscal information disclosure; |
8 | and making an appropriation from a restricted account within |
9 | the Agricultural College Land Scrip Fund. |
10 | The General Assembly of the Commonwealth of Pennsylvania |
11 | hereby enacts as follows: |
12 | Section 1. In order to carry into effect the act of |
13 | Congress, approved July 2, 1862, granting public land to the |
14 | several states for educational purposes, and subsequent acts of |
15 | Congress related thereto, and the act of the General Assembly of |
16 | Pennsylvania accepting the provisions and conditions of said |
17 | acts of Congress and pledging the faith of the State to carry |
18 | the same into effect, the following sums, or as much thereof as |
19 | may be necessary, are hereby appropriated to the Trustees of The |
20 | Pennsylvania State University for the fiscal year July 1, 2011, |
21 | to June 30, 2012, for the purposes and in the amounts as shown: |
22 | For general support. |
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1 | State appropriation..............................$224,683,000 |
2 | For Pennsylvania College of Technology. |
3 | State appropriation..............................$14,299,000 |
4 | Section 2. Payments to The Pennsylvania State University on |
5 | account of the appropriations for all items as provided in |
6 | section 1 shall be made on the basis of costs during the fiscal |
7 | year. |
8 | Section 3. (a) Payments to The Pennsylvania State |
9 | University of the appropriations provided in section 1 shall be |
10 | made monthly during the fiscal year. |
11 | (b) Such monthly payments shall be made in accordance with |
12 | the provisions of section 2 on the basis of estimated costs. The |
13 | estimate of costs shall be submitted by The Pennsylvania State |
14 | University to the Secretary of Education, the General Assembly |
15 | and the State Treasurer not later than 30 days prior to the date |
16 | on which such payment is to be made. |
17 | Section 4. (a) The Pennsylvania State University shall |
18 | apply the moneys appropriated by this act only for such purposes |
19 | as are permitted in this act and shall at all times maintain |
20 | proper records showing the application of such moneys. Not later |
21 | than 120 days after June 30, 2012, The Pennsylvania State |
22 | University shall file, with the Secretary of Education, the |
23 | General Assembly and the Auditor General of the Commonwealth, a |
24 | statement setting forth the amounts and purposes of all |
25 | expenditures made from moneys appropriated by this act and other |
26 | university accounts during said fiscal year, as provided in |
27 | section 2, used as a basis for receipt of any appropriation |
28 | during said fiscal year. |
29 | (b) Such statement of expenditures and costs shall be |
30 | reviewed by the Auditor General of the Commonwealth, and he |
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1 | shall have the right, in respect to the moneys appropriated by |
2 | this act, to audit and disallow expenditures made for purposes |
3 | not permitted by this act and to cause such sums to be recovered |
4 | and paid by The Pennsylvania State University to the State |
5 | Treasurer. In respect to expenditures made by the university |
6 | from moneys other than those appropriated by this act, the |
7 | Auditor General shall have the right to review only, and he |
8 | shall file annually with the General Assembly such information |
9 | concerning such expenditures as the General Assembly or any of |
10 | its committees may require. |
11 | Section 5. The Pennsylvania State University shall provide |
12 | full, complete and accurate information as may be required by |
13 | the Department of Education or the chairman or the minority |
14 | chairman of the Appropriations Committee of the Senate or the |
15 | chairman or the minority chairman of the Appropriations |
16 | Committee of the House of Representatives. |
17 | Section 6. The Pennsylvania State University shall present |
18 | and report its financial statements required under the |
19 | provisions of this act in accordance with: the generally |
20 | accepted accounting principles as prescribed by the National |
21 | Association of College and University Business Officers, the |
22 | American Institute of Certified Public Accountants, or their |
23 | successors, or by any other recognized authoritative body; the |
24 | "Commonwealth of Pennsylvania Budget Instructions for the State |
25 | System of Higher Education, State-Related Universities and Non- |
26 | State-Related Colleges and Universities"; and, the financial |
27 | reporting policies and standards promulgated by the Commonwealth |
28 | of Pennsylvania and by the Federal Government that apply to The |
29 | Pennsylvania State University. |
30 | Section 7. The moneys of the restricted account within the |
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1 | Agricultural College Land Scrip Fund are hereby appropriated for |
2 | the fiscal year July 1, 2011, to June 30, 2012, in accordance |
3 | with the provisions of the act of April 9, 1929 (P.L.343, |
4 | No.176), known as The Fiscal Code, establishing the restricted |
5 | account. |
6 | Section 8. This act shall take effect immediately. |
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