An Act amending the act of May 1, 1933 (P.L.103, No.69), known as The Second Class Township Code, in auditors and accountants, further providing for completion, filing and publication of annual township report and financial statement.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends the Pennsylvania Second Class Township Code to clarify the requirements for annual township reports and financial statements. Specifically, it changes the deadlines for completing and filing these reports, requiring them to be submitted to the township secretary, county clerk, prothonotary, Department of Community Affairs, and Department of Transportation by the end of June. It also mandates the publication of concise financial information in a local newspaper, including key figures like total assets, liabilities, and net position.
Key provisions
- Changes the deadline for board of auditors to complete their audit to the last day of June.
- Requires township reports to be filed with the township secretary, county clerk, prothonotary, Department of Community Affairs, and Department of Transportation by the end of June.
- Mandates the signature of at least a majority of the board of auditors on the township report.
- Establishes a penalty for township secretaries who fail to file the report.
- Requires the publication of concise financial information in a local newspaper.
- Specifies the information to be included in the newspaper publication (assets, liabilities, net position, revenue, expenses, and changes in net position).
- Allows for the provision of copies of financial statements to the newspaper if full publication is not possible.
- Sets a 60-day effective date for the act.
Who is affected
Bill text
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Document of record
- Version
- Pn 1112 Html
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Sponsors
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9 on record
Primary sponsor
Timothy Kearney
Cosponsors
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