Pennsylvania § 14984.2 - Capital reserve fund for anticipated capital expenditures.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 14984.2 — Capital reserve fund for anticipated capital expenditures., with citation guidance and answers to common questions.
§ 14984.2. Capital reserve fund for anticipated capital expenditures.
(a) Capital reserve fund.--The county commissioners shall have the power to create and maintain a separate capital reserve fund for anticipated legal capital expenditures. Money in the fund shall be used for the construction, purchase or replacement of or addition to county buildings, equipment, machinery, motor vehicles or other capital assets of the county.
(b) Deposits.--The county commissioners may annually appropriate money from the general county fund, not to exceed 10% of a county's operating budget, to be paid into the capital reserve fund or place in the fund any money received from the sale, lease or other disposition of county property or from any other source unless received or acquired for a particular purpose.
(c) Administration of fund.--The fund shall be controlled, invested, reinvested and administered and the money and income from the fund expended for any purpose for which the fund is created, as may be determined by the county commissioners. The money in the fund, when invested, shall be invested in a manner consistent with the provisions of section 14906 (relating to investment of money). This subsection may not be construed to limit the powers of the county to the use of money in the capital reserve fund in making lawful capital expenditures.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 14984.2
What does Pennsylvania Consolidated Statutes § 14984.2 cover?
Section 14984.2 ("Capital reserve fund for anticipated capital expenditures.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 14984.2?
A common citation format is "Pennsylvania Consolidated Statutes § 14984.2" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 14984.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.