PRINTER'S NO. 746 |
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. |
725 |
Session of 2013 |
INTRODUCED BY CORMAN, MARCH 20, 2013
REFERRED TO APPROPRIATIONS, MARCH 20, 2013
A SUPPLEMENT
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To the act of April 1, 1863 (P.L.213, No.227), entitled "An act
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to accept the grant of Public Lands, by the United States, to
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the several states, for the endowment of Agricultural
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Colleges," making appropriations for carrying the same into
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effect; providing for a basis for payments of such
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appropriations, for a method of accounting for the funds
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appropriated and for certain fiscal information disclosure;
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and making an appropriation from a restricted account within
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the Agricultural College Land Scrip Fund.
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The General Assembly of the Commonwealth of Pennsylvania
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hereby enacts as follows:
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Section 1. In order to carry into effect the act of
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Congress, approved July 2, 1862, granting public land to the
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several states for educational purposes, and subsequent acts of
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Congress related thereto, and the act of the General Assembly of
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Pennsylvania accepting the provisions and conditions of said
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acts of Congress and pledging the faith of the State to carry
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the same into effect, the following sums, or as much thereof as
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may be necessary, are hereby appropriated to the Trustees of The
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Pennsylvania State University for the fiscal year July 1, 2013,
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to June 30, 2014, for the purposes and in the amounts as shown:
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For general support.
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State appropriation..............................$214,110,000
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For Pennsylvania College of Technology.
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State appropriation..............................$13,584,000
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Section 2. Payments to The Pennsylvania State University on
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account of the appropriations for all items as provided in
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section 1 shall be made on the basis of costs during the fiscal
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year.
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Section 3. (a) Payments to The Pennsylvania State
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University of the appropriations provided in section 1 shall be
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made monthly during the fiscal year.
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(b) Such monthly payments shall be made in accordance with
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the provisions of section 2 on the basis of estimated costs. The
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estimate of costs shall be submitted by The Pennsylvania State
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University to the Secretary of Education, the General Assembly
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and the State Treasurer not later than 30 days prior to the date
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on which such payment is to be made.
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Section 4. (a) The Pennsylvania State University shall
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apply the moneys appropriated by this act only for such purposes
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as are permitted in this act and shall at all times maintain
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proper records showing the application of such moneys. Not later
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than 120 days after the close of the fiscal year to which this
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act relates, The Pennsylvania State University shall file, with
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the Secretary of Education, the General Assembly and the Auditor
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General of the Commonwealth, a statement setting forth the
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amounts and purposes of all expenditures made from moneys
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appropriated by this act and other university accounts during
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said fiscal year, as provided in section 2, used as a basis for
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receipt of any appropriation during said fiscal year.
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(b) Such statement of expenditures and costs shall be
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reviewed by the Auditor General of the Commonwealth, and he
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shall have the right, in respect to the moneys appropriated by
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this act, to audit and disallow expenditures made for purposes
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not permitted by this act and to cause such sums to be recovered
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and paid by The Pennsylvania State University to the State
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Treasurer. In respect to expenditures made by the university
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from moneys other than those appropriated by this act, the
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Auditor General shall have the right to review only, and he
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shall file annually with the General Assembly such information
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concerning such expenditures as the General Assembly or any of
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its committees may require.
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Section 5. The Pennsylvania State University shall provide
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full, complete and accurate information as may be required by
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the Department of Education or the chairman or the minority
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chairman of the Appropriations Committee of the Senate or the
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chairman or the minority chairman of the Appropriations
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Committee of the House of Representatives.
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Section 6. The Pennsylvania State University shall present
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and report its financial statements required under the
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provisions of this act in accordance with: the generally
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accepted accounting principles as prescribed by the National
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Association of College and University Business Officers, the
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American Institute of Certified Public Accountants, or their
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successors, or by any other recognized authoritative body; the
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"Commonwealth of Pennsylvania Budget Instructions for the State
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System of Higher Education, State-Related Universities and Non-
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State-Related Colleges and Universities"; and, the financial
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reporting policies and standards promulgated by the Commonwealth
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of Pennsylvania and by the Federal Government that apply to The
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Pennsylvania State University.
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Section 7. The moneys of the restricted account within the
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Agricultural College Land Scrip Fund are hereby appropriated for
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the fiscal year July 1, 2013, to June 30, 2014, in accordance
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with the provisions of the act of April 9, 1929 (P.L.343,
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No.176), known as The Fiscal Code, establishing the restricted
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account.
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Section 8. This act shall take effect July 1, 2013, or
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immediately, whichever is later.