Judicial officers of courts not of record, city officers and county officers who receive moneys for the use of or on behalf of the Commonwealth shall, when required by the Secretary of Revenue, establish at any bank or savings and loan association whose accounts are insured by an instrumentality of the Federal Government an insured interest-bearing account and therein deposit all moneys received for or on behalf of the Commonwealth except those moneys deducted for commissions and fees. Both the principal and interest in any interest-bearing account established under this section shall be transmitted to the Commonwealth as set forth in section 901 .
72 P.S. § 901.1