HB 1221 — 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.

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
 1   Amending Title 15 (Corporations and Unincorporated Associations)
 2      of the Pennsylvania Consolidated Statutes, in general
 3      provisions relating to partnerships and limited liability
 4      companies, providing for duties of nonprofit corporations in
 5      public-private partnerships with the Commonwealth.
 6      The General Assembly of the Commonwealth of Pennsylvania
 7   hereby enacts as follows:
 8      Section 1.      Title 15 of the Pennsylvania Consolidated
 9   Statutes is amended by adding a section to read:
10   § 8107.    Duties of nonprofit corporations in public-private
11                   partnerships with the Commonwealth.
12      A nonprofit corporation that enters into a public-private
13   partnership with the Commonwealth by executive order shall have
14   the following duties:
15             (1)   Comply with the disclosure requirements under the
16      act of February 14, 2008 (P.L.6, No.3), known as the Right-
17      to-Know Law.
18             (2)   Submit an annual comprehensive financial report to
19      the Office of the Governor and the General Assembly in
 1    accordance with the generally accepted accounting
 2    principles adopted by the Governmental Accounting Standards
 3    Board on the effective date of this paragraph.
 4        (3)   Disclose on its publicly accessible Internet website
 5    each purchase made to or on behalf of the Governor and any
 6    other elected or appointed State official within 10 business
 7    days of each purchase.
 8        (4)   Comply with the Sarbanes-Oxley Act (Public Law 107-
 9    204, 116 Stat. 745).
10    Section 2.    This act shall take effect in 60 days.




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