Representatives, which shall make provisions for the accounting
of revenues and expenses. The authority shall have its books,
accounts and records audited annually in accordance with
generally accepted auditing standards by an independent auditor
who shall be a certified public accountant, and a copy of his
audit report shall be attached to and be made a part of the
authority's annual report. A concise financial statement shall
be published annually in the Pennsylvania Bulletin.
Section 5. The act is amended by adding a section to read:
Section 210.1. Distribution of gaming revenue.
(a) Authority determination.--Notwithstanding any other
provision of law and not less than 30 days preceding each
scheduled quarterly distribution of gaming revenue under 4
Pa.C.S. 1403(c)(3)(i) (relating to establishment of State Gaming
Fund and net slot machine revenue distribution) to a host
municipality that is an assisted city, the board shall, by a
majority vote of all the members, direct the assisted city to
use the gaming revenue pursuant to 4 Pa.C.S. 1403(c)(3)(xv).
(b) Debt or pension funding.--If the authority votes to
require an assisted city to use gaming revenue under 4 Pa.C.S.
1403(c)(3)(xv)(A) or (B), the authority shall notify the
Secretary of the Budget, the Commonwealth shall distribute the
gaming revenue directly to the assisted city as provided for
under 4 Pa.C.S. § 1403(c)(3)(i) and the assisted city shall use
the gaming revenue as required by the authority.
(c) Other purpose.--If the authority votes to require an
assisted city to use gaming revenue for a purpose under 4
Pa.C.S. § 1403(c)(3)(xv)(C), the authority shall transmit in
writing to the assisted city and the Secretary of the Budget no
more than five days from the time of the vote, the purpose and
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