101 Pa. Code § 19.304 - For maintenance and purchases by university

AN ACT

Making an appropriation to the Trustees of Drexel University, Philadelphia, Pennsylvania.

The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows:

Section 1. The sum of $4,412,000 is hereby appropriated to the Trustees of Drexel University, Philadelphia, Pennsylvania, for the fiscal year July 1, 1984 to June 30, 1985, for instruction and student aid.

Section 2. Payments to Drexel University on account of the appropriation provided in section 1 shall be made by the Department of Education in equal quarterly payments.

Section 3. Drexel University shall provide such information and in such form and manner as the Department of Education may prescribe.

Section 4. Drexel University shall report its revenues and expenditures and present its financial statements in accordance with generally accepted accounting principles and procedures for educational institutions as set forth in the "Higher Education Finance Manual of 1975," without exception.

Section 5. This act shall take effect July 1, 1984, or immediately, whichever is later.

Notes

101 Pa. Code § 19.304