There is annually appropriated from the Borough Treasury all such sums of money that may hereafter be paid into the Borough Treasury by the State Treasurer on account of taxes paid on premiums of foreign fire insurance companies in pursuance of the Act of December 18, 1984, No. 205, §§ 701 et seq. as hereafter amended, supplemented, modified, or reenacted by the State General Assembly. Such monies received by the Borough Treasurer from the State Treasurer shall be distributed to the duly recognized association(s) within 60 days of receipt. The funds shall be distributed on the basis of the percentage of service established in the certification to the Auditor General and with other provisions of the Act.
(Prior Code, Ch. 1, Pt. 4, § 403) (Ord. 2-2001, passed 7-2-2001)