§ 27A-85. Self-insurance liability and workers' compensation funds created.

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(a)

The "self-insurance liability and workers' compensation funds" are hereby created.

(b)

The funds are a special trust fund of the city, created for the purpose of providing capital for the program to be used as provided by the program ordinance.

(c)

No person (including any plan member), other than the city, has, or is granted or vested with, any right to any of the money in the funds.

(d)

The funds shall be maintained at the city's depository bank unless required to be maintained elsewhere by another city ordinance or by agreement entered into by the city.

(Ord. No. 5847, § 1(2.05), 8-23-90)

                    
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