Permits the Chenango Forks central school district to create an insurance reserve fund

Summary

The bill amends state law so the Chenango Forks Central School District, along with several other districts, can create a dedicated insurance reserve fund. The fund may be used to pay claims, actions, or judgments for risks the district is required to insure, except for certain enumerated risks. This provides a new tool for the district to manage insurance‑related costs and liabilities.

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