PRINTER'S NO. 981
No. 896 Session of 1973
INTRODUCED BY CIANFRANI, MAY 30, 1973
REFERRED TO APPROPRIATIONS, MAY 30, 1973
AN ACT
1 Making appropriations to the Trustees of Drexel University of
2 the Commonwealth of Pennsylvania at Philadelphia,
3 Pennsylvania.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. The sum of two million one hundred twenty-four
7 thousand dollars ($2,124,000), or as much thereof as may be
8 necessary, is hereby specifically appropriated to the Trustees
9 of Drexel University of the Commonwealth of Pennsylvania at
10 Philadelphia, Pennsylvania, for the fiscal year July 1, 1973 to
11 June 30, 1974, for net costs of instruction.
12 Section 2. The sum of eight hundred four thousand dollars
13 ($804,000), or as much thereof as may be necessary, is hereby
14 specifically appropriated to the Trustees of Drexel University
15 of the Commonwealth of Pennsylvania at Philadelphia,
16 Pennsylvania, for the fiscal year July 1, 1973 to June 30, 1974,
17 for net costs of student aid.
18 Section 3. Payments to Drexel University, Philadelphia,
19 Pennsylvania on account of the appropriations for the items
1 provided in sections 1 and 2 of this act shall be made on the
2 basis of net costs during the fiscal year.
3 Section 4. Drexel University, Philadelphia, Pennsylvania,
4 shall report its revenues and expenditures and present its
5 financial statements in accordance with generally accepted
6 accounting principles and procedures for educational
7 institutions as set forth in "College and University Business
8 Administration" of the American Council of Education, revised
9 edition, 1968, without exception.
10 Section 5. This act shall take effect July 1, 1973.
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