relative to pooled risk management programs.

Summary

The bill gives the secretary of state power to step in when a pooled risk management program lacks enough money, and it forces participating towns and cities to pay extra if needed. It also sets rules for how the programs must be run, how much reserve money they must keep, and what disclosures they must give to members. The goal is to protect local governments from unexpected costs and to make the programs more transparent.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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