An Act providing for funding for certain State-related universities for the fiscal year beginning July 1, 2025, and ending June 30, 2026, 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.

SB 290 allocates $242 million to Penn State, $151.5 million to Pitt, $158.2 million to Temple, and $21.9 million to Lincoln University for the 2025-2026 fiscal year, funding their general operations. It requires universities to submit monthly cost estimates to the state, submit detailed spending reports within 120 days of the fiscal year-end, and use funds only for approved purposes like instruction and student services. The bill restricts Pitt from using funds for its environmental law clinic and mandates that all spending be audited by the Auditor General, who can recover misused funds. These provisions ensure transparency, accountability, and compliance with state financial reporting standards.