PRIOR PRINTER'S NO. 3704 PRINTER'S NO. 3949
No. 2795 Session of 1994
INTRODUCED BY EVANS, MAY 18, 1994
AS AMENDED ON THIRD CONSIDERATION, HOUSE OF REPRESENTATIVES, JUNE 20, 1994
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 $5,446,000 is hereby appropriated to 6 the Trustees of Drexel University, Philadelphia, for the fiscal 7 year July 1, 1994, to June 30, 1995, 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 INCLUDE FIVE MEMBERS APPOINTED BY THE GOVERNOR AND 15 THE GENERAL ASSEMBLY. THE GOVERNOR, THE PRESIDENT PRO TEMPORE OF 16 THE SENATE, THE MINORITY LEADER OF THE SENATE, THE SPEAKER OF 17 THE HOUSE OF REPRESENTATIVES AND THE MINORITY LEADER OF THE
1 HOUSE OF REPRESENTATIVES SHALL EACH, UPON INVITATION BY THE 2 TRUSTEES, APPOINT A NONELECTED OFFICIAL TO SERVE AS A MEMBER OF 3 THE BOARD AND THE TERMS OF OFFICE SHALL BE COTERMINOUS WITH THAT 4 OF THEIR APPOINTING AUTHORITY. 5 Section 3. The Drexel University shall provide full, 6 complete and accurate information as may be required by the 7 Department of Education or the chairman or the minority chairman 8 of the Appropriations Committee of the Senate or the chairman or 9 the minority chairman of the Appropriations Committee of the 10 House of Representatives. 11 Section 4. Drexel University shall report its revenues and 12 expenditures and present its financial statements in accordance 13 with generally accepted accounting principles and procedures for 14 educational institutions as set forth in the "Higher Education 15 Finance Manual (1975)" and the "Commonwealth of Pennsylvania 16 Budget Instructions for the State System of Higher Education, 17 State-Related Universities and Non-State-Related Colleges and 18 Universities." 19 Section 5. The Trustees of Drexel University shall report on 20 forms provided by the Department of Education to the chairman 21 and the minority chairman of the Appropriations Committee of the 22 Senate and the chairman and minority chairman of the 23 Appropriations Committee of the House of Representatives by 24 September 30, 1995, on how State-appropriated funds were 25 expended for fiscal year 1994-1995 to reduce the costs to 26 Pennsylvania resident students or to provide services to 27 Pennsylvania residents. 28 Section 6. This act shall take effect July 1, 1994, or 29 immediately, whichever is later. E16L84DGS/19940H2795B3949 - 2 -