Distribution

Act 171 of 1984, § 404, under SECOND CLASS CITY TREASURER'S SALE AND COLLECTION ACT.

Act 171 of 1984, § 404

Section 404. Distribution.

(a) Disbursement.--After the expenses of the agency have been met, disbursement of excess amounts not necessary to pay the expenses of the agency shall be made to the taxing bodies in their pro rata shares on an annual basis.

(b) Retained funds.--Amounts retained in the fund for anticipated expenses of operation may be invested through the treasurer in the same manner as city funds.