[HISTORY: Adopted by the Board of Supervisors of the Township of
Pine 8-1-1994 by Ord. No. 223. Amendments
noted where applicable.]
There is hereby created for the Township of Pine a Budgetary Reserve
Account.
The Township Manager/Treasurer is hereby directed to deposit all funds
received from the State Treasurer pursuant to Act 77 of 1993[1] for the period of the first calendar year in which the additional
one-percent sales tax is in effect into such Budgetary Reserve Account.
[1]
Editor's Note: See 16 P.S. § 6101-B et seq.
Such Budgetary Reserve Account created by this chapter shall be maintained
by the Township of Pine, and the funds therein shall be retained by the Township
until such time as the Township's Board of Supervisors shall by resolution
direct their expenditure, whether total or partial, in connection with an
unanticipated fiscal emergency of the Township of Pine.
An unanticipated fiscal emergency as set forth in § 6-3 hereof may be defined to include but shall need not be limited to an unbudgeted or underbudgeted expense relating to:
A.
The construction or extension of public water or public
sewer lines to serve residents within the Township.
B.
The construction, repair or maintenance (including winter
maintenance) of public roads within the Township.
C.
The purchase, lease, repair or maintenance of vehicles
or other equipment necessary to protect the public health, welfare and safety.
D.
Such other unanticipated fiscal emergency as may be defined
by the Board of Supervisors in its resolution.
