PRINTER'S NO. 261
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
253
Session of
2015
INTRODUCED BY GODSHALL, COHEN, DAVIS, MURT, DeLUCA AND GILLEN,
FEBRUARY 2, 2015
REFERRED TO COMMITTEE ON CONSUMER AFFAIRS, FEBRUARY 2, 2015
AN ACT
Amending Title 53 (Municipalities Generally) of the Pennsylvania
Consolidated Statutes, in municipal authorities, further
providing for money of authority.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 5612(b) of Title 53 of the Pennsylvania
Consolidated Statutes is amended to read:
ยง 5612. Money of authority.
* * *
(b) Report.--
(1) Every authority whose fiscal year ends December 31
shall file on or before July 1 an annual report of its fiscal
affairs covering the preceding calendar year with the
Department of Community and Economic Development [and with],
the municipality creating the authority and any municipality
served by the authority on forms prepared and distributed by
the Department of Community and Economic Development.
Authorities whose fiscal year does not end on December 31
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shall file the report within 90 days after the end of their
fiscal year.
(2) Every authority shall have its books, accounts and
records audited annually by a certified public accountant,
and a copy of his audit report shall be filed in the same
manner and within the same time period as the annual report.
(3) A concise financial statement shall be published
annually at least once in a newspaper of general circulation
in the municipality where the principal office of the
authority is located.
(4) If the publication under paragraph (3) is not made
by the authority, the municipality shall publish such
statement at the expense of the authority.
(5) If the authority fails to make [such] an audit under
paragraph (2), then the controller, auditor or accountant
designated by the municipality is hereby authorized and
empowered from time to time to examine at the expense of the
authority the accounts and books of it, including its
receipts, disbursements, contracts, leases, sinking funds,
investments and any other matters relating to its finances,
operation and affairs.
* * *
Section 2. This act shall take effect in 60 days.
20150HB0253PN0261 - 2 -
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