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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY CORMAN, JUNE 8, 2011 |
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| REFERRED TO APPROPRIATIONS, JUNE 8, 2011 |
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| A SUPPLEMENT |
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1 | To the act of July 7, 1972 (P.L.743, No.176), entitled "An act |
2 | providing for the establishment and operation of Lincoln |
3 | University as an instrumentality of the Commonwealth to serve |
4 | as a State-related institution in the higher education system |
5 | of the Commonwealth; providing for change of name; providing |
6 | for the composition of the board of trustees; terms of |
7 | trustees, and the power and duties of such trustees; |
8 | providing for preference to Pennsylvania residents in |
9 | tuition; authorizing appropriations in amounts to be fixed |
10 | annually by the General Assembly; providing for the auditing |
11 | of accounts of expenditures from said appropriations; |
12 | providing for public support and capital improvements; |
13 | authorizing the issuance of bonds exempt from taxation within |
14 | the Commonwealth; requiring the President to make an annual |
15 | report of the operations of Lincoln University," making an |
16 | appropriation for carrying the same into effect; providing |
17 | for a basis for payments of the appropriation; and providing |
18 | a method of accounting for the funds appropriated and for |
19 | certain fiscal information disclosure. |
20 | The General Assembly of the Commonwealth of Pennsylvania |
21 | hereby enacts as follows: |
22 | Section 1. The sum of $11,715,000, or as much thereof as may |
23 | be necessary, is hereby appropriated to the Trustees of Lincoln |
24 | University, Chester County, for the fiscal year July 1, 2011, to |
25 | June 30, 2012, for general support. |
26 | Section 2. Payments to Lincoln University on account of the |
27 | appropriation provided in section 1 shall be made on the basis |
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1 | of costs during the fiscal year. |
2 | Section 3. (a) Payments to Lincoln University of the |
3 | appropriation provided in section 1 shall be made monthly during |
4 | the fiscal year. |
5 | (b) Such monthly payments shall be made in accordance with |
6 | the provisions of section 2 on the basis of estimated costs. The |
7 | estimate of costs shall be submitted by Lincoln University to |
8 | the Secretary of Education, the General Assembly and the State |
9 | Treasurer not later than 30 days prior to the date on which such |
10 | payment is to be made. |
11 | Section 4. (a) Lincoln University shall apply the moneys |
12 | appropriated by this act only for such purposes as are permitted |
13 | in this act and shall at all times maintain proper records |
14 | showing the application of such moneys. Not later than 120 days |
15 | after the close of the fiscal year to which this act relates, |
16 | Lincoln University shall file, with the Secretary of Education, |
17 | the General Assembly and the Auditor General of the |
18 | Commonwealth, a statement setting forth the amounts and purposes |
19 | of all expenditures made from moneys appropriated by this act |
20 | and costs, as provided in section 2, used as a basis for receipt |
21 | of any appropriation during said fiscal year. |
22 | (b) Such statement of expenditures and costs shall be |
23 | reviewed by the Auditor General of the Commonwealth, and he |
24 | shall have the right, in respect to the moneys appropriated by |
25 | this act, to audit and disallow expenditures made for purposes |
26 | not permitted by this act and to cause such sums to be recovered |
27 | and paid by Lincoln University to the State Treasurer. In |
28 | respect to expenditures made by the university from moneys other |
29 | than those appropriated by this act, the Auditor General shall |
30 | have the right to review only, and he shall file annually with |
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1 | the General Assembly such information concerning said |
2 | expenditures as the General Assembly or any of its committees |
3 | may require. |
4 | Section 5. The Lincoln University shall provide full, |
5 | complete and accurate information as may be required by the |
6 | Department of Education or the chairman or the minority chairman |
7 | of the Appropriations Committee of the Senate or the chairman or |
8 | the minority chairman of the Appropriations Committee of the |
9 | House of Representatives. |
10 | Section 6. Lincoln University shall present and report its |
11 | financial statements required under the provisions of this act |
12 | in accordance with: the generally accepted accounting principles |
13 | as prescribed by the National Association of College and |
14 | University Business Officers, the American Institute of |
15 | Certified Public Accountants, or their successors, or by any |
16 | other recognized authoritative body; the "Commonwealth of |
17 | Pennsylvania Budget Instructions for the State System of Higher |
18 | Education, State-Related Universities and Non-State-Related |
19 | Colleges and Universities"; and the financial reporting policies |
20 | and standards promulgated by the Commonwealth of Pennsylvania |
21 | and by the Federal Government that apply to Lincoln University. |
22 | Section 7. This act shall take effect July 1, 2011, or |
23 | immediately, whichever is later. |
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