Kenai Peninsula Borough |
Code of Ordinances |
Title 2. ADMINISTRATION |
Chapter 2.34. RISK MANAGEMENT OFFICE |
§ 2.34.080. Long-term judgment and/or award fund.
Latest version.
The director of finance, when required by court order or when prudent financial responsibility dictates, may establish a fund for the payment of long-term judgements and/or awards. The director of finance may delegate the management of the fund to a financial institution authorized to act as a trustee.
(Ord. No. 89-9, § 1, 1989)