The right granted to the officers or employees of the different municipalities in § 757 of this title shall be subject to the following conditions:
(1) That the municipality authorizes, by a municipal ordinance, the granting of a Christmas bonus to its officers or employees, and it so notifies with a certified copy of same to the Secretary of the Treasury on or before August 1 of the year in which the bonus will be paid. The municipality shall certify to the Secretary of the Treasury the name and the salaries earned by the officers or employees entitled to the bonus. This certificate shall be subject to revision by the Secretary of the Treasury.
(2) That from the municipal ordinance authorizing the granting of the Christmas bonus there be excluded, as beneficiary of the bonus, the Mayor of the municipality concerned.
(3) That the municipality contribute one-half of the cost of the bonus to be paid to its officers or employees each year.
(4) In the case of those municipalities with a budget of five hundred thousand (500,000) dollars or less, which show to the satisfaction of the Secretary of the Treasury that they are economically unable to contribute the corresponding 50%, the Secretary of the Treasury is hereby authorized to place at the disposal of the municipality the proportionate part determined or the totality of the amount as may be necessary for the purposes of §§ 757-757f of this title.
If the aforementioned conditions are complied with, the Secretary of the Treasury is hereby authorized to place at the disposal of the municipality concerned, from unencumbered funds in the Commonwealth Treasury, the necessary sum to match the municipal contribution without this sum exceeding one-half (½) of the cost of the bonus authorized by § 757a hereof.
History —June 12, 1969, No. 34, p. 57, § 3.