PRINTER'S NO. 3573
No. 2494 Session of 2002
INTRODUCED BY FLEAGLE, APRIL 8, 2002
REFERRED TO COMMITTEE ON APPROPRIATIONS, APRIL 8, 2002
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 $6,810,000 is hereby appropriated to 6 the Trustees of Drexel University, Philadelphia, for the fiscal 7 year July 1, 2002, to June 30, 2003, 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 quarterly by 11 the Secretary of Education on the basis of costs during the 12 fiscal year and shall be conditioned on continuing authority for 13 inclusion on the Board of Trustees of Drexel University of a 14 minimum of five persons who are not elected officials and who 15 are appointed by the Governor, the President pro tempore of the 16 Senate, the Minority Leader of the Senate, the Speaker of the 17 House of Representatives and the Minority Leader of the House of
1 Representatives for terms of office coterminous with that of the 2 respective appointing authority. 3 Section 3. The Drexel University shall provide full, 4 complete and accurate information as may be required by the 5 Department of Education or the chairman or the minority chairman 6 of the Appropriations Committee of the Senate or the chairman or 7 the minority chairman of the Appropriations Committee of the 8 House of Representatives. 9 Section 4. Drexel University shall report its revenues and 10 expenditures and present its financial statements in accordance 11 with generally accepted accounting principles and procedures for 12 educational institutions as set forth in the "Higher Education 13 Finance Manual (1975)" and the "Commonwealth of Pennsylvania 14 Budget Instructions for the State System of Higher Education, 15 State-Related Universities and Non-State-Related Colleges and 16 Universities." 17 Section 5. The Trustees of Drexel University shall report on 18 forms provided by the Department of Education to the chairman 19 and the minority chairman of the Appropriations Committee of the 20 Senate and the chairman and minority chairman of the 21 Appropriations Committee of the House of Representatives by 22 September 30, 2003, on how State-appropriated funds were 23 expended for fiscal year 2002-2003 to reduce the costs to 24 Pennsylvania resident students or to provide services to 25 Pennsylvania residents. 26 Section 6. This act shall take effect July 1, 2002, or 27 immediately, whichever is later. B6L84RZ/20020H2494B3573 - 2 -