1To the act of July 7, 1972 (P.L.743, No.176), entitled "An act 
2providing for the establishment and operation of Lincoln 
3University as an instrumentality of the Commonwealth to serve 
4as a State-related institution in the higher education system 
5of the Commonwealth; providing for change of name; providing 
6for the composition of the board of trustees; terms of 
7trustees, and the power and duties of such trustees; 
8providing for preference to Pennsylvania residents in 
9tuition; authorizing appropriations in amounts to be fixed 
10annually by the General Assembly; providing for the auditing 
11of accounts of expenditures from said appropriations; 
12providing for public support and capital improvements; 
13authorizing the issuance of bonds exempt from taxation within 
14the Commonwealth; requiring the President to make an annual 
15report of the operations of Lincoln University," making an
16appropriation for carrying the same into effect; providing
17for a basis for payments of the appropriation; and providing
18a method of accounting for the funds appropriated and for
19certain fiscal information disclosure.

20The General Assembly of the Commonwealth of Pennsylvania
21hereby enacts as follows:

22Section 1. The sum of $11,163,000, or as much thereof as may
23be necessary, is hereby appropriated to the Trustees of Lincoln
24University, Chester County, for the fiscal year July 1, 2013, to
25June 30, 2014, for general support.

26Section 2. Payments to Lincoln University on account of the
27appropriation provided in section 1 shall be made on the basis

1of costs during the fiscal year.

2Section 3. (a) Payments to Lincoln University of the
3appropriation provided in section 1 shall be made monthly during
4the fiscal year.

5(b) Such monthly payments shall be made in accordance with
6the provisions of section 2 on the basis of estimated costs. The
7estimate of costs shall be submitted by Lincoln University to
8the Secretary of Education, the General Assembly and the State
9Treasurer not later than 30 days prior to the date on which such
10payment is to be made.

11Section 4. (a) Lincoln University shall apply the moneys
12appropriated by this act only for such purposes as are permitted
13in this act and shall at all times maintain proper records
14showing the application of such moneys. Not later than 120 days
15after the close of the fiscal year to which this act relates,
16Lincoln University shall file, with the Secretary of Education,
17the General Assembly and the Auditor General of the
18Commonwealth, a statement setting forth the amounts and purposes
19of all expenditures made from moneys appropriated by this act
20and costs, as provided in section 2, used as a basis for receipt
21of any appropriation during said fiscal year.

22(b) Such statement of expenditures and costs shall be
23reviewed by the Auditor General of the Commonwealth, and he
24shall have the right, in respect to the moneys appropriated by
25this act, to audit and disallow expenditures made for purposes
26not permitted by this act and to cause such sums to be recovered
27and paid by Lincoln University to the State Treasurer. In
28respect to expenditures made by the university from moneys other
29than those appropriated by this act, the Auditor General shall
30have the right to review only, and he shall file annually with

1the General Assembly such information concerning said
2expenditures as the General Assembly or any of its committees
3may require.

4Section 5. The Lincoln University shall provide full,
5complete and accurate information as may be required by the
6Department of Education or the chairman or the minority chairman
7of the Appropriations Committee of the Senate or the chairman or
8the minority chairman of the Appropriations Committee of the
9House of Representatives.

10Section 6. Lincoln University shall present and report its
11financial statements required under the provisions of this act
12in accordance with: the generally accepted accounting principles
13as prescribed by the National Association of College and
14University Business Officers, the American Institute of
15Certified Public Accountants, or their successors, or by any
16other recognized authoritative body; the "Commonwealth of
17Pennsylvania Budget Instructions for the State System of Higher
18Education, State-Related Universities and Non-State-Related
19Colleges and Universities"; and the financial reporting policies
20and standards promulgated by the Commonwealth of Pennsylvania
21and by the Federal Government that apply to Lincoln University.

22Section 7. This act shall take effect July 1, 2013, or
23immediately, whichever is later.