Pennsylvania Act 1951-304 — ALLOW MUNICIPALITIES TO ACCUMULATE MONEY OVER ONE YEAR

Act text

ALLOW MUNICIPALITIES TO ACCUMULATE MONEY OVER ONE YEAR
                 Act of Aug. 17, 1951, P.L. 1276, No. 304             Cl. 53
                                  AN ACT

     Authorizing cities, boroughs, towns and townships to accumulate
        over a period of more than one year monies required to match
        State grants; and further regulating the budget, taxation and
        appropriation powers of such political subdivisions therefor.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  Whenever any law provides for the grant, subsidy,
     allocation or apportionment of State monies to a city, borough,
     town or township, the payment of which is conditioned on the
     matching thereof at any time within a period of more than one
     year by monies of such political subdivision, the political
     subdivision may accumulate the necessary monies during any such
     prescribed period. For such purpose, a city, borough, town or
     township may annually budget part of the necessary total sum as
     a current expenditure, may levy taxes to meet, inter alia, an
     expense so budgeted, and may appropriate such sum for
     accumulation from year to year within the prescribed period. No
     sum so budgeted or appropriated by a city, borough, town or
     township shall be transferred to any other fund, or used by the
     political subdivision for any other purpose.