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A03538
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1203
Session of
2019
INTRODUCED BY RYAN, BERNSTINE, T. DAVIS, GLEIM, GROVE, JAMES,
KINSEY, MILLARD AND GILLEN, APRIL 15, 2019
AS REPORTED FROM COMMITTEE ON LOCAL GOVERNMENT, HOUSE OF
REPRESENTATIVES, AS AMENDED, MAY 6, 2019
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 the Title 53 of the
Pennsylvania Consolidated Statutes is amended to read:
§ 5612. Money of authority.
* * *
(b) Report.--A required annual report shall be published in
accordance with the following:
(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 on forms prepared and
distributed by the Department of Community and Economic
Development. Authorities whose fiscal year does not end on
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December 31 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.
The audit shall comply with the following standards , if
applicable :
(i) The generally accepted government auditing
standards, including the standards published by the
General Government Accountability Office.
(ii) The Single Audit Act of 1984 (31 U.S.C. § 7501
et seq.).
(iii) 2 C.F.R. Pt. 200 (relating to the Uniform
administrative requirements, cost principles and audit
requirements for Federal awards).
(iv) Any other Federal or State requirements for an
audit RELATING TO THE FINANCES OF AN AUTHORITY .
(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. If the publication is not made by the
authority, the municipality shall publish such statement at
the expense of the authority.
(4) If the authority fails to make such an audit or if
the municipality determines that there is a need for an
audit, 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,
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disbursements, contracts, leases, sinking funds, investments
and any other matters relating to its finances, operation and
affairs. In the course of performing an A FINANCIAL audit
under this subsection the municipality may request the
assistance of the Auditor General TO PERFORM THE AUDIT .
* * *
Section 2. This act shall take effect in 60 days.
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