Bill Text: PA HB1165 | 2011-2012 | Regular Session | Introduced

---

Bill Title: In municipal authorities, further providing for money of authority.

Sponsorship: Moderate Partisan Bill (Republican 8-1)

Status: (Introduced - Dead) 2011-03-23 - Referred to LOCAL GOVERNMENT [HB1165 Detail]

Download: Pennsylvania-2011-HB1165-Introduced.html

---

PRINTER'S NO. 1271
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1165 Session of2011
INTRODUCED BY GODSHALL, AUMENT, CREIGHTON, CUTLER, MILLER, QUINN, REICHLEY, SONNEY AND WHITE, MARCH 23, 2011
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, MARCH 23, 2011
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 Title 53 of the Pennsylvania
Consolidated Statutes is amended to read:
§ 5612. Money of authority.
* * *
(b) Report.--
(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 and any municipality
served by the authority on forms prepared and distributed by
the Department of Community and Economic Development.
Authorities whose fiscal year does not end on 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
authority office for the purpose of public review and in the
office of the municipality or municipalities that created the
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.
(4) If the publication under paragraph (3) is not made
by the authority, the municipality shall publish such
statement at the expense of the authority.
(5) If the authority fails to make [such] an audit under
paragraph (2), 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, disbursements, contracts, leases, sinking funds,
investments and any other matters relating to its finances,
operation and affairs.
* * *
Section 2. This act shall take effect in 60 days.
20110HB1165PN1271 - 2 -