Section 66508 - Capital reserve fund(a) The board of supervisors may create and maintain a separate capital reserve fund for any anticipated capital expenses, which fund shall be designated for a specific purpose or purposes when created. The moneys in the fund shall be used for no other purpose unless the board of supervisors declares that conditions in the township make other expenses more urgent than those for which the fund was created.(b) The board of supervisors may appropriate moneys from the general township funds to be paid into the capital reserve fund or place in the fund any moneys received from the sale, lease or other disposition of any township property or from any other source.1933, May 1, P.L. 103, No. 69, § 1508. Reenacted and amended 1995, Nov. 9, P.L. 350, No. 60, § 1, effective in 180 days.