(a) Depositories.--The city treasurer shall keep public funds in banks or financial depositories as directed by council and under the restrictions and safeguards as provided by council. The city treasurer shall verify the city treasurer's accounts as requested by council.
(b) Liability prohibited.--The city treasurer, acting in accordance with law, shall not be liable for the loss of city funds caused by the insolvency or negligence of any city depositories.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Section 11401 - Qualifications
Section 11402 - Bond, insurance and salary
Section 11402.1 - City treasurer to be tax collector
Section 11402.2 - Delivery of duplicates of taxes
Section 11402.3 - Tax liens and liability for false returns
Section 11403 - Receipt and payment of money
Section 11404 - Method of keeping accounts
Section 11405 - Restrictions on money paid out
Section 11406 - Depositories of city funds
Section 11407 - Delivery of city property
Section 11408 - Appointment of deputy city treasurer and employees