Permits the Johnson City central school district to create an insurance reserve fund.
The bill amends the general municipal law to allow the Johnson City central school district to establish an insurance reserve fund. This fund can be used for losses, claims, actions, or judgments for which the school district is authorized or required to purchase or maintain insurance. The fund creation and expenditures must comply with the general municipal law and the education law. The bill takes effect immediately upon enactment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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