<Section effective upon promulgation of regulations under 42 Pa.C.S.A. § 3502(a). See also, section effective until promulgation of regulations under 42 Pa.C.S.A.
Any city officer, or county officer who shall refuse or neglect, when required by
the Secretary of Revenue, to establish a Federally insured interest-bearing account
in any bank or savings and loan association and to deposit all moneys received for
the use of or on behalf of the Commonwealth shall be personally liable for a penalty
of one per centum per month or fraction thereof on the moneys collected for the period
during which said account is not established and said funds are not deposited therein.
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