Section 602. Definitions.--The following words and phrases when used in this article shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"Surplus." A fiscal operating result which occurs in a fund at the end of a fiscal year, whereby expenditures, including tax refunds, are less than the fund's beginning balance, revenues and receipts and lapses during the same period.
(602 added Nov. 1, 2023, P.L.154, No.22)
Compiler's Note: See section 2.1 of Act 22 of 2023 in the appendix to this act for special provisions relating to findings and declarations.