[HISTORY: Adopted by the Board of Supervisors
of the Township of Pennsbury 1-21-1985. Amendments noted where applicable.]
The Township Tax Collector shall, within seven
days of receipt of any taxes collected, deposit the same in an account
established in the name of the Township in a bank or other depository
authorized to do business in the Commonwealth of Pennsylvania which
account shall be insured to the limits permitted by the Federal Deposit
Insurance Corporation or the Federal Savings and Loan Insurance Corporation.
The identification number for the account, for
purposes of federal tax reporting, shall be that of the Township.
The Township Tax Collector and the Township
Treasurer shall each receive periodic statements issued for said account.
The Tax Collector shall, on or before the 10th
day of each month, make a true verified statement in writing to the
Treasurer of the Township for all taxes collected during the previous
month giving the names of the tax payers, the amount collected from
each, along with discounts granted or penalties applied, if any, and
the total amount of taxes received, discounts granted and penalties
applied.
