Allows the Oswego city school district to establish an insurance reserve fund.
This bill amends the general municipal law to allow the Oswego city school district to establish an insurance reserve fund. The 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 bill specifies that the fund cannot be used for certain risks outlined in the insurance law. The changes take effect immediately.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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