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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY KASUNIC, COSTA AND SOLOBAY, FEBRUARY 28, 2011 |
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| REFERRED TO LOCAL GOVERNMENT, FEBRUARY 28, 2011 |
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| AN ACT |
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1 | Amending Title 53 (Municipalities Generally) of the Pennsylvania |
2 | Consolidated Statutes, further providing for money of an |
3 | authority. |
4 | The General Assembly of the Commonwealth of Pennsylvania |
5 | hereby enacts as follows: |
6 | Section 1. Section 5612 of Title 53 of the Pennsylvania |
7 | Consolidated Statutes is amended to read: |
8 | § 5612. Money of authority. |
9 | (a) Treasurer.--All money of any authority from whatever |
10 | source derived shall be paid to the treasurer of the authority. |
11 | (b) Report.--Every authority whose fiscal year ends December |
12 | 31 shall file on or before July 1 an annual report of its fiscal |
13 | affairs covering the preceding calendar year with the Department |
14 | of Community and Economic Development and with the municipality |
15 | creating the authority on forms prepared and distributed by the |
16 | Department of Community and Economic Development. Authorities |
17 | whose fiscal year does not end on December 31 shall file the |
18 | report within 90 days after the end of their fiscal year. [Every |
19 | authority shall have its books, accounts and records audited |
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1 | annually by a certified public accountant, and a copy of his |
2 | audit report shall be filed in the authority office for the |
3 | purpose of public review and in the office of the municipality |
4 | or municipalities that created the authority.] A concise |
5 | financial statement shall be published annually at least once in |
6 | a newspaper of general circulation in the municipality where the |
7 | principal office of the authority is located. If the publication |
8 | is not made by the authority, the municipality shall publish |
9 | such statement at the expense of the authority. If the authority |
10 | fails to make such an audit, then the controller, auditor or |
11 | accountant designated by the municipality is hereby authorized |
12 | and empowered from time to time to examine at the expense of the |
13 | authority the accounts and books of it, including its receipts, |
14 | disbursements, contracts, leases, sinking funds, investments and |
15 | any other matters relating to its finances, operation and |
16 | affairs. |
17 | (c) Attorney General.--The Attorney General of the |
18 | Commonwealth shall have the right to examine the books, accounts |
19 | and records of any authority. |
20 | (d) Audits.-- |
21 | (1) Except as provided in paragraph (2), every authority |
22 | shall have its books, accounts and records audited annually |
23 | by a certified public accountant, and a copy of his audit |
24 | report shall be filed in the authority office for the purpose |
25 | of public review and in the office of the municipality or |
26 | municipalities that created the authority. |
27 | (2) Notwithstanding paragraph (1), if the operating |
28 | budget of an authority is $5,000 or less, the person |
29 | conducting the audit required under paragraph (1) may be an |
30 | auditor who is not a certified public accountant. |
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1 | Section 2. This act shall be retroactive to July 1, 2011, if |
2 | enacted after that date. |
3 | Section 3. This act shall take effect in 60 days. |
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