Tuesday, August 02, 2005

H.B. 1408: Classifying the Offense of Improperly Spending Bond Proceeds

H.B. 1408, P.N. 1974 (SCHRODER) - This bill adds new Section 641 (relating to Improper Use of Bond Proceeds) to the Public School Code of 1949 (P.L. 30, No. 14)
The bill classifies knowingly or recklessly authorizing the improper use of bond proceeds as a misdemeanor. The bill also provides the Attorney General and district attorneys with the authority to investigate and bring charges relating to improper use of bond proceeds. Lastly, the bill mandates all state agencies or departments to report reasonably-suspected violations of this provision to the Attorney General or local law enforcement agencies.

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