§16–107.

    (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.