proper records showing the application of such money. Not later
than 120 days after the close of the fiscal year to which this
act relates, The Pennsylvania State University shall file, with
the Secretary of Education, the General Assembly and the Auditor
General of the Commonwealth, a statement setting forth the
amounts and purposes of all expenditures made from money
appropriated by this act and other university accounts during
said fiscal year, as provided in section 2, used as a basis for
receipt of any appropriation during said fiscal year.
(b) Such statement of expenditures and costs shall be
reviewed by the Auditor General of the Commonwealth, and he
shall have the right, in respect to the money appropriated by
this act, to audit and disallow expenditures made for purposes
not permitted by this act and to cause such sums to be recovered
and paid by The Pennsylvania State University to the State
Treasurer. In respect to expenditures made by the university
from money other than that appropriated by this act, the Auditor
General shall have the right to review only, and he shall file
annually with the General Assembly such information concerning
such expenditures as the General Assembly or any of its
committees may require.
Section 5. The Pennsylvania State University shall provide
full, complete and accurate information as may be required by
the Department of Education or the chairperson or minority
chairperson of the Appropriations Committee of the Senate or the
chairperson or minority chairperson of the Appropriations
Committee of the House of Representatives.
Section 6. The Pennsylvania State University shall present
and report its financial statements required under the
provisions of this act in accordance with: the generally
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