Section 901.1. Establishment of Federally Insured Interest-bearing Accounts for the Deposit of Commonwealth Moneys.--Judicial officers of courts not of record, city officers and county officers who receive moneys for the use of or on behalf of the Commonwealth shall, when required by the Secretary of Revenue, establish at any bank or savings and loan association whose accounts are insured by an instrumentality of the Federal Government an insured interest-bearing account and therein deposit all moneys received for or on behalf of the Commonwealth except those moneys deducted for commissions and fees. Both the principal and interest in any interest-bearing account established under this section shall be transmitted to the Commonwealth as set forth in section 901.
(901.1 added Dec. 2, 1976, P.L.1274, No.283 and repealed in part Apr. 28, 1978, P.L.202, No.53)
Compiler's Note: Section 2(a) of Act 53 of 1978 provided that the partial repeal of section 901.1 shall take effect upon the promulgation of the initial regulations under 42 Pa.C.S. § 3502(a) (relating to financial regulations) applicable to the making of remittances by district justices.