Section 7504 - Duties of commission(a) General rule.--Within 12 months of the effective date of an agreement subject to an endowment under this act, the commission shall: (1) Develop a form for applicants to use for requesting money from the endowment established by the agreement.(2) Establish a timeline for reviewing applications and approving expenditures from the endowment.(3) Develop methodology to equitably approve payments to applicants throughout all geographic areas of this Commonwealth.(b) Reporting.--For an endowment established under this act, the commission shall: (1) provide notice of any proposed expenditure of money from the endowment to the president pro tempore of the senate, the majority and minority leaders of the senate and the chairman and minority chairman of the appropriations committee of the senate, the speaker of the house of representatives, the majority and minority leaders of the house of representatives and chairman and minority chairman of the appropriations committee of the house of representatives for review and comment. no proposed expenditure of money from the endowment may occur until 30 days after the date of the notice for the proposed expenditure.(2) provide an annual report itemizing all approved expenditures of money from the endowment to the president pro tempore of the senate, the majority and minority leaders of the senate and the chairman and minority chairman of the appropriations committee of the senate, the speaker of the house of representatives, the majority and minority leaders of the house of representatives and chairman and minority chairman of the appropriations committee of the house of representatives. the report shall include the name of each organization receiving an expenditure from the endowment, the amount received by each organization and summary information aggregating expenditures by expenditure category pursuant to section 3(b)(4).Added by P.L. 1 2013 No. 1, § 4, eff. 2/20/2013.