There is annually appropriated from the borough treasury all such sums of money that may hereafter be paid into the borough treasury by the Treasurer of the state on account of taxes paid on premiums of foreign fire insurance companies in pursuance of Act of December 18, 1984, No. 205, §§ 701 et seq. as hereafter amended, supplemented, modified or reenacted by the General Assembly of Pennsylvania, 53 P.S. §§ 895.701 et seq. Such moneys 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.
(2006 Code, § 1-404) (Ord. 59, passed 1-2-1931; Ord. 88-1, passed 2-1-1988)