![]() | RESOLUTION NO. 73 of 2023 DATED: February 28, 2023 |
RESOLUTION AUTHORIZING COUNTY TREASURER TO DISBURSE MORTGAGE TAX MONEY (COUNTY TREASURER)
| Seconded by: | Purtell |
WHEREAS, Montgomery County collects a Mortgage Tax which pursuant to local law must be distributed to local municipalities of the County; and
WHEREAS, the County Treasurer disburses the Mortage Tax funds bi-annually.
RESOLVED, that the Montgomery County Legislature hereby authorizes the County Treasurer to disburse Mortgage Tax money for the period April 1, 2022 through September 30, 2022; and
FURTHER RESOLVED, that said Treasurer is directed to take all necessary steps, under proper accounting procedure, to adjust the books of his office, effective immediately.
RESOLUTION VOTE, passed with Aye(7). Legislators VACANT and Pepe were absent. (2/28/2023)
I. Nature of Request:
Authorization to disburse mortgage tax held in trust
II. Justification:
Authorization of governing body required to disburse mortgage tax.
III. Legislative Impact:
Authorized pursuant to Article 2 of the Charter.
IV. Financial Impact:
No financial impact to County, disbursing funds that have already been collected and being held in Trust account.
cc: | County Clerk County Treasurer |
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