Section 16-107 - Reserve accounts(a) In this section, "reserve account" means a continuing, nonlapsing account or fund in which money is retained to support appropriations that have become unfunded.(b) By ordinance or local law, after notice and hearing, a county may establish one or more reserve accounts.(c) An ordinance or a local law that establishes a reserve account shall provide for: (1) requirements for the accumulation of a fixed amount of money, a percentage of designated revenues, or both;(2) the circumstances under which the account may be used; and(3) the use of any earnings on the account.Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.