Section 5. In order to qualify for its share of the moneys herein provided, each city, borough, town and township, shall--
(1) Furnish evidence, annually, to the department that its treasurer is bonded in accordance with law;
(2) Submit a report, on forms furnished by the department, concerning the way or ways the funds provided in section one of this act shall be expended;
(3) Submit a proper report, on forms furnished by the department, on the fifteenth day of January for the period ending December thirty-first each year, showing the cost of work done pursuant to the funds provided in section four clause (1) of this act;
(4) Establish and maintain a special fund into which the moneys provided in section four clause (1) of this act shall be deposited and into which no other moneys may be deposited or comingled;
(5) Furnish evidence to the department that a tax to provide funds for road and street purpose is being levied for the year in which the allocation is made.
(5 amended Nov. 23, 2004, P.L.944, No.138)