Authorizes the Holland central school district to establish an insurance reserve fund for losses, claims, actions, or judgments requiring insurance.

This bill amends the general municipal law to authorize the Holland central school district to establish an insurance reserve fund. The fund can be used for losses, claims, actions, or judgments for which the district is required to purchase or maintain insurance. Expenditures from the fund must comply with the education law and labor law. The bill also specifies that no municipality can use the fund for losses covered under other provisions of law. The act takes effect immediately.

Authorizes the Holland central school district to establish an insurance reserve fund for losses, claims, actions, or judgments requiring insurance.

This bill amends the general municipal law to authorize the Holland central school district to establish an insurance reserve fund. The fund can be used for losses, claims, actions, or judgments for which the district is required to purchase or maintain insurance. Expenditures from the fund must comply with the education law and labor law. The bill also specifies that no municipality can use the fund for losses covered under other provisions of law. The act takes effect immediately.