An Act providing for funding for certain State-aided universities for the fiscal year beginning July 1, 2024, and ending June 30, 2025, and for a certain State-aided university for the fiscal year beginning July 1, 2023, and ending June 30, 2024, 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.

This bill provides state funding for five specific universities for the fiscal years 2023-2024 and 2024-2025, establishing rules for how the money is spent and reported. It requires universities to submit monthly cost estimates and detailed financial statements to the Auditor General, who has the authority to audit expenditures and recover funds used for unauthorized purposes. The legislation also includes specific restrictions, such as prohibiting the University of Pittsburgh from using funds for an environmental law clinic and requiring the University of Pennsylvania to maintain a certain number of non-elected board members with full voting rights. Additionally, the bill mandates that the University of Pennsylvania report how state funds were used to reduce costs for resident students or provide services to them.