PRINTER'S NO. 4049
No. 2706 Session of 2004
INTRODUCED BY ARGALL, JUNE 14, 2004
REFERRED TO COMMITTEE ON APPROPRIATIONS, JUNE 14, 2004
A SUPPLEMENT
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; and providing for a basis for payments of such
6 appropriations and for a method of accounting for the funds
7 appropriated.
8 The General Assembly of the Commonwealth of Pennsylvania
9 hereby enacts as follows:
10 Section 1. In order to carry into effect the act of
11 Congress, approved July 2, 1862, granting public land to the
12 several states for educational purposes, and subsequent acts of
13 Congress related thereto, and the act of the General Assembly of
14 Pennsylvania accepting the provisions and conditions of said
15 acts of Congress and pledging the faith of the State to carry
16 the same into effect, the following sums, or as much thereof as
17 may be necessary, are hereby appropriated to the Trustees of The
18 Pennsylvania State University for the fiscal year July 1, 2004,
19 to June 30, 2005, for the purposes and in the amounts as shown:
20 (1) For the cost of agricultural research..... 22,922,000
1 (2) For the cost of agricultural extension
2 services.......................................... 27,580,000
3 Section 2. Payments to The Pennsylvania State University on
4 account of the appropriations for all items as provided in
5 section 1 shall be made on the basis of costs during the fiscal
6 year.
7 Section 3. If necessary, The Pennsylvania State University
8 may transfer funds among its appropriation for education and
9 general expenses for the fiscal year July 1, 2004, to June 30,
10 2005, in any other act and the appropriation in section 1(1)
11 provided that the aggregate amount transferred into or out of
12 each appropriation during the fiscal year shall not exceed 5% of
13 the amount specifically appropriated for that purpose.
14 Section 4. (a) Payments to The Pennsylvania State
15 University of the appropriations provided in section 1 shall be
16 made monthly during the fiscal year.
17 (b) Such monthly payments shall be made in accordance with
18 the provisions of section 2 on the basis of estimated costs. The
19 estimate of costs shall be submitted by The Pennsylvania State
20 University to the Secretary of Education, the General Assembly
21 and the State Treasurer not later than 30 days prior to the date
22 on which such payment is to be made.
23 Section 5. (a) The Pennsylvania State University shall
24 apply the moneys appropriated by this act only for such purposes
25 as are permitted in this act and shall at all times maintain
26 proper records showing the application of such moneys. Not later
27 than 120 days after the close of the fiscal year to which this
28 act relates, The Pennsylvania State University shall file, with
29 the Secretary of Education, the General Assembly and the Auditor
30 General of the Commonwealth, a statement setting forth the
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1 amounts and purposes of all expenditures made from moneys
2 appropriated by this act and other university accounts during
3 said fiscal year, as provided in section 2, used as a basis for
4 receipt of any appropriation during said fiscal year.
5 (b) Such statement of expenditures and costs shall be
6 reviewed by the Auditor General of the Commonwealth, and he
7 shall have the right, in respect to the moneys appropriated by
8 this act, to audit and disallow expenditures made for purposes
9 not permitted by this act and to cause such sums to be recovered
10 and paid by The Pennsylvania State University to the State
11 Treasurer. In respect to expenditures made by the university
12 from moneys other than those appropriated by this act, the
13 Auditor General shall have the right to review only, and he
14 shall file annually with the General Assembly such information
15 concerning such expenditures as the General Assembly or any of
16 its committees may require.
17 Section 6. The Pennsylvania State University shall provide
18 full, complete and accurate information as may be required by
19 the Department of Education or the chairman or the minority
20 chairman of the Appropriations Committee of the Senate or the
21 chairman or the minority chairman of the Appropriations
22 Committee of the House of Representatives.
23 Section 7. The Pennsylvania State University shall present
24 and report its financial statements required under the
25 provisions of this act in accordance with: the generally
26 accepted accounting principles as prescribed by the National
27 Association of College and University Business Officers, the
28 American Institute of Certified Public Accountants, or their
29 successors, or by any other recognized authoritative body; the
30 "Commonwealth of Pennsylvania Budget Instructions for the State
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1 System of Higher Education, State-Related Universities and Non-
2 State-Related Colleges and Universities"; and, the financial
3 reporting policies and standards promulgated by the Commonwealth
4 of Pennsylvania and by the Federal Government that apply to The
5 Pennsylvania State University.
6 Section 8. This act shall take effect July 1, 2004, or
7 immediately, whichever is later.
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