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HB 2412

An Act providing for funding for State-related universities for the fiscal year beginning July 1, 2026, and ending June 30, 2027, for costs basis, for frequency of payments and for recordkeeping requirements; imposing a duty on the Auditor General; providing for financial statements, for the Agricultural College Land Scrip Fund and for restrictions; and making appropriations.

2025-2026 Regular Session Introduced by Roni Green and 2 co-sponsors

Sets the funding framework for PA state-related universities for 2026-27, including cost basis, payment cadence, and required financial reporting and oversight.

Act No. 11A of 2026
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Bill Summary · HB 2412

Summary of HB 2412 (Pennsylvania, 2025-2026)

Overview

HB 2412 is a proposed act related to funding for State-related universities in Pennsylvania for the fiscal year spanning July 1, 2026, to June 30, 2027. The bill addresses funding methodology, payment frequency and recordkeeping, duties for the Auditor General, required financial statements, the Agricultural College Land Scrip Fund and related restrictions, and makes appropriations accordingly. The bill is sponsored with a co-sponsor (Jordan Harris) and has progressed through the Appropriations committee and floor consideration stages in 2026.

Purpose and Intent

  • Establish and specify the funding framework for State-related universities for the 2026-2027 fiscal year.
  • Define the basis for costs, payment cadence, and recordkeeping requirements associated with the funding.
  • Assign oversight and reporting duties to the Auditor General.
  • Clarify financial reporting expectations, including required financial statements.
  • Address the Agricultural College Land Scrip Fund, including any restrictions related to its use and disposition.
  • Authorize appropriations to support the above provisions.

Key Provisions (Subject to final legislative text)

  • Funding Basis for 2026-27: Set out the cost basis used to determine appropriations to each State-related university for the 2026-27 fiscal year.
  • Frequency of Payments: Establish how frequently appropriations are disbursed (e.g., quarterly or as otherwise determined by the bill or accompanying fiscal notes).
  • Recordkeeping Requirements: Impose or clarify recordkeeping standards for universities receiving funds to ensure transparency and accountability.
  • Auditor General Duty: Require the Auditor General to perform specific duties related to financial oversight, audits, or reporting tied to these appropriations.
  • Financial Statements: Mandate submission of specified financial statements by the universities or related agencies to meet reporting requirements.
  • Agricultural College Land Scrip Fund: Include provisions governing the Agricultural College Land Scrip Fund, and place restrictions or compliance requirements on its use or adminstration.
  • Restrictions: Impose restrictions related to the funded activities or the use of funds as defined by the act.
  • Appropriations: Specify the total appropriations or authorize the appropriation levels needed to fund these provisions for the 2026-27 year.

Who Would Be Affected

  • State-related Universities: Primary recipients of funding and subject to cost basis, payment schedules, and reporting requirements.
  • Pennsylvania Auditor General: Assigned duties for overseeing and auditing compliance with the bill’s requirements.
  • Financial Officers and Boards of Trustees: Responsible for meeting recordkeeping, reporting, and financial statement obligations.
  • Agricultural College (or related institutions/funds): Subject to restrictions and fund management provisions tied to the Land Scrip Fund.
  • State Government/General Fund: Source of appropriations and overall fiscal oversight.

Procedural and Timeline Aspects

  • Committee Path: Referred to Appropriations (March 24, 2026); reported as committed (March 25, 2026); additional actions include second consideration and re-commitment to Appropriations (April 14–15, 2026).
  • Legislative Process Status: The bill has moved through initial committee considerations and is advancing toward potential final passage, subject to further floor action and alignment with the Commonwealth’s fiscal notes.
  • Co-Sponsor: Jordan Harris (along with primary sponsor).

Potential Impacts and Considerations

  • Sets formal, possibly stricter, financial governance for State-related university funding, with explicit reporting and oversight requirements.
  • Could affect university budgeting processes due to defined cost bases and payment schedules.
  • Establishes or tightens restrictions on the Agricultural College Land Scrip Fund.
  • The exact funding levels and the precise nature of the recordkeeping and Auditor General duties would be detailed in the bill’s text and accompanying fiscal notes.

If you’d like, I can pull the exact fiscal figures, the specific cost basis methodology, and the precise duties assigned to the Auditor General from the bill’s text to add to this summary.

Compiled from official sources — confirm details with the bill’s official record.

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