Pennsylvania 2025-2026 Regular Session

Pennsylvania House Bill HB1221 Latest Draft

Bill / Introduced Version

                             
PRINTER'S NO. 1369 
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL 
No.1221 
Session of 
2025 
INTRODUCED BY GROVE, BERNSTINE, KAUFFMAN AND JAMES, 
APRIL 15, 2025 
REFERRED TO COMMITTEE ON STATE GOVERNMENT, APRIL 15, 2025 
AN ACT
Amending Title 15 (Corporations and Unincorporated Associations) 
of the Pennsylvania Consolidated Statutes, in general 
provisions relating to partnerships and limited liability 
companies, providing for duties of nonprofit corporations in 
public-private partnerships with the Commonwealth.
The General Assembly of the Commonwealth of Pennsylvania 
hereby enacts as follows:
Section 1.  Title 15 of the Pennsylvania Consolidated 
Statutes is amended by adding a section to read:
ยง 8107.  Duties of nonprofit corporations in public-private 
partnerships with the Commonwealth.
A nonprofit corporation that enters into a public-private 
partnership with the Commonwealth by executive order shall have 
the following duties:
(1)  Comply with the disclosure requirements under the 
act of February 14, 2008 (P.L.6, No.3), known as the   Right- 
to-Know  Law. 
(2)  Submit an  	annual comprehensive financial report  	to  
the Office of the Governor  and the General Assembly in  
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19 accordance with the  	generally accepted accounting  
principles  adopted by the Governmental Accounting Standards  
Board on the effective date of this paragraph 	. 
(3)  Disclose on its publicly accessible Internet website 
each purchase made to or on behalf of the Governor and any 
other elected or appointed State official within 10 business 
days of each purchase.
(4)  Comply with the Sarbanes-Oxley Act (Public Law 107-
204, 116 Stat. 745).
Section 2.  This act shall take effect in 60 days.
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