[Adopted 3-5-1985 by Ord.
No. 1985-1 (Ch. V, Part 3, Section 122, of the 1996
Code of Ordinances)]
Any state funds previously paid to and not expended or any funds
payable to the Borough of Montgomery, the payment of which has been
withheld or prevented by action of the Auditor General of Pennsylvania
pursuant to § 1.2 of the Act of May 12, 1943 (P.L. 259,
No. 120), referred to as the Foreign Casualty Insurance Premium Tax
Allocation Law,[1] taken since January 1, 1982, will be transferred to the
Police Pension Fund and are irrevocably committed to be expended only
in accordance with the Foreign Casualty Insurance Premium Tax Allocation
Law.
[1]
Editor's Note: See 72 P.S. § 2263.1 et seq.
