Authorizes the Goshen central school district to establish an insurance reserve fund.
The bill amends the general municipal law to authorize the Goshen central school district to establish an insurance reserve fund. This fund can be used for losses, claims, actions, or judgments for which the district is required to purchase or maintain insurance. The fund cannot be used for risks covered by other insurance provisions or for payments in lieu of contributions under the labor law. The fund's creation and expenditures must comply with the education law.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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