HOUSE AMENDED

 

PRIOR PRINTER'S NOS. 1308, 1439

PRINTER'S NO.  2315

  

THE GENERAL ASSEMBLY OF PENNSYLVANIA

  

SENATE BILL

 

No.

1125

Session of

2011

  

  

INTRODUCED BY CORMAN, JUNE 8, 2011

  

  

AS REPORTED FROM COMMITTEE ON APPROPRIATIONS, HOUSE OF REPRESENTATIVES, AS AMENDED, JUNE 21, 2012   

  

  

  

A SUPPLEMENT

  

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To the act of July 7, 1972 (P.L.743, No.176), entitled "An act

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providing for the establishment and operation of Lincoln

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University as an instrumentality of the Commonwealth to serve

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as a State-related institution in the higher education system

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of the Commonwealth; providing for change of name; providing

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for the composition of the board of trustees; terms of

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trustees, and the power and duties of such trustees;

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providing for preference to Pennsylvania residents in

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tuition; authorizing appropriations in amounts to be fixed

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annually by the General Assembly; providing for the auditing

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of accounts of expenditures from said appropriations;

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providing for public support and capital improvements;

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authorizing the issuance of bonds exempt from taxation within

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the Commonwealth; requiring the President to make an annual

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report of the operations of Lincoln University," making an

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appropriation for carrying the same into effect; providing

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for a basis for payments of the appropriation; and providing

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a method of accounting for the funds appropriated and for

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certain fiscal information disclosure.

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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.  The sum of $11,163,000, or as much thereof as may

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be necessary, is hereby appropriated to the Trustees of Lincoln

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University, Chester County, for the fiscal year July 1, 2011, to

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June 30, 2012 July 1, 2012, to June 30, 2013, for general

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support.

 


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Section 2.  Payments to Lincoln University on account of the

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appropriation provided in section 1 shall be made on the basis

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of costs during the fiscal year.

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Section 3.  (a)  Payments to Lincoln University of the

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appropriation provided in section 1 shall be made monthly during

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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 Lincoln University to

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the Secretary of Education, the General Assembly and the State

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Treasurer not later than 30 days prior to the date on which such

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payment is to be made.

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Section 4.  (a)  Lincoln University shall apply the moneys

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appropriated by this act only for such purposes as are permitted

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in this act and shall at all times maintain proper records

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showing the application of such moneys. Not later than 120 days

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after the close of the fiscal year to which this act relates,

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Lincoln University shall file, with the Secretary of Education,

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the General Assembly and the Auditor General of the

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Commonwealth, a statement setting forth the amounts and purposes

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of all expenditures made from moneys appropriated by this act

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and costs, as provided in section 2, used as a basis for receipt

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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 Lincoln University to the State Treasurer. In

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respect to expenditures made by the university from moneys other

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than those appropriated by this act, the Auditor General shall

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have the right to review only, and he shall file annually with

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the General Assembly such information concerning said

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expenditures as the General Assembly or any of its committees

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may require.

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Section 5.  The Lincoln University shall provide full,

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complete and accurate information as may be required by the

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Department of Education or the chairman or the minority chairman

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of the Appropriations Committee of the Senate or the chairman or

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the minority chairman of the Appropriations Committee of the

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House of Representatives.

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Section 6.  Lincoln University shall present and report its

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financial statements required under the provisions of this act

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in accordance with: the generally accepted accounting principles

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as prescribed by the National Association of College and

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University Business Officers, the American Institute of

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Certified Public Accountants, or their successors, or by any

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other recognized authoritative body; the "Commonwealth of

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Pennsylvania Budget Instructions for the State System of Higher

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Education, State-Related Universities and Non-State-Related

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Colleges and Universities"; and the financial reporting policies

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and standards promulgated by the Commonwealth of Pennsylvania

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and by the Federal Government that apply to Lincoln University.

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Section 7.  This act shall take effect July 1, 2011 2012, or

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immediately, whichever is later.

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