An Act amending the act of July 28, 1953 (P.L.723, No.230), entitled, as amended, Second Class County Code, providing for adoption of budgets for 2001 by counties of the second class and political subdivisions of those counties and for an operating reserve fund; further providing for payments into certain fund and for amount of retirement allowance; providing for homestead property exclusion procedure; further providing for the making of contracts; prohibiting certain provisions in contracts relating to redevelopment assistance capital projects; continuing the county jail oversight board and its powers and duties; providing for a sports and exhibition authority; further providing for certain tax relief; and making a repeal.