1To the act of April 1, 1863 (P.L.213, No.227), entitled "An act
2to accept the grant of Public Lands, by the United States, to
3the several states, for the endowment of Agricultural
4Colleges," making appropriations for carrying the same into
5effect; providing for a basis for payments of such
6appropriations, for a method of accounting for the funds
7appropriated and for certain fiscal information disclosure;
8and making an appropriation from a restricted account within
9the Agricultural College Land Scrip Fund.

10The General Assembly of the Commonwealth of Pennsylvania
11hereby enacts as follows:

12Section 1. In order to carry into effect the act of
13Congress, approved July 2, 1862, granting public land to the
14several states for educational purposes, and subsequent acts of
15Congress related thereto, and the act of the General Assembly of
16Pennsylvania accepting the provisions and conditions of said
17acts of Congress and pledging the faith of the State to carry
18the same into effect, the following sums, or as much thereof as
19may be necessary, are hereby appropriated to the Trustees of The
20Pennsylvania State University for the fiscal year July 1, 2013,
21to June 30, 2014, for the purposes and in the amounts as shown:

1For general support.

3For Pennsylvania College of Technology.

6Section 2. Payments to The Pennsylvania State University on
7account of the appropriations for all items as provided in
8section 1 shall be made on the basis of costs during the fiscal
9year.

10Section 3. (a) Payments to The Pennsylvania State
11University of the appropriations provided in section 1 shall be
12made monthly during the fiscal year.

13(b) Such monthly payments shall be made in accordance with
14the provisions of section 2 on the basis of estimated costs. The
15estimate of costs shall be submitted by The Pennsylvania State
16University to the Secretary of Education, the General Assembly
17and the State Treasurer not later than 30 days prior to the date
18on which such payment is to be made.

19Section 4. (a) The Pennsylvania State University shall
20apply the moneys appropriated by this act only for such purposes
21as are permitted in this act and shall at all times maintain
22proper records showing the application of such moneys. Not later
23than 120 days after the close of the fiscal year to which this
24act relates, The Pennsylvania State University shall file, with
25the Secretary of Education, the General Assembly and the Auditor
26General of the Commonwealth, a statement setting forth the
27amounts and purposes of all expenditures made from moneys
28appropriated by this act and other university accounts during
29said fiscal year, as provided in section 2, used as a basis for
30receipt of any appropriation during said fiscal year.

1(b) Such statement of expenditures and costs shall be
2reviewed by the Auditor General of the Commonwealth, and he
3shall have the right, in respect to the moneys appropriated by
4this act, to audit and disallow expenditures made for purposes
5not permitted by this act and to cause such sums to be recovered
6and paid by The Pennsylvania State University to the State
7Treasurer. In respect to expenditures made by the university
8from moneys other than those appropriated by this act, the
9Auditor General shall have the right to review only, and he
10shall file annually with the General Assembly such information
11concerning such expenditures as the General Assembly or any of
12its committees may require.

13Section 5. The Pennsylvania State University shall provide
14full, complete and accurate information as may be required by
15the Department of Education or the chairman or the minority
16chairman of the Appropriations Committee of the Senate or the
17chairman or the minority chairman of the Appropriations
18Committee of the House of Representatives.

19Section 6. The Pennsylvania State University shall present
20and report its financial statements required under the
21provisions of this act in accordance with: the generally
22accepted accounting principles as prescribed by the National
23Association of College and University Business Officers, the
24American Institute of Certified Public Accountants, or their
25successors, or by any other recognized authoritative body; the
26"Commonwealth of Pennsylvania Budget Instructions for the State
27System of Higher Education, State-Related Universities and Non-
28State-Related Colleges and Universities"; and, the financial
29reporting policies and standards promulgated by the Commonwealth
30of Pennsylvania and by the Federal Government that apply to The

1Pennsylvania State University.

2Section 7. The moneys of the restricted account within the
3Agricultural College Land Scrip Fund are hereby appropriated for
4the fiscal year July 1, 2013, to June 30, 2014, in accordance
5with the provisions of the act of April 9, 1929 (P.L.343,
6No.176), known as The Fiscal Code, establishing the restricted
7account.

8Section 8. This act shall take effect July 1, 2013, or
9immediately, whichever is later.