Authorizes the Holland central school district to establish an insurance reserve fund for losses, claims, actions, or judgments.
The bill amends the general municipal law to allow the Holland central school district to create an insurance reserve fund. This fund can be used for any loss, claim, action, or judgment for which the school district is required to purchase or maintain insurance. The fund cannot be used for risks covered under other provisions of law. The bill takes effect immediately upon enactment.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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