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Arizona Revised Statutes Title 15. Education § 15-386. Insurance refund fund

Current as of January 01, 2025 | Updated by Findlaw Staff

A. Monies retained for insurance premium payments which are refunded to a school district at the end of a fiscal year by an insurer with which the governing board contracted for that fiscal year may be deposited with the county treasurer who shall credit the deposits to the insurance refund fund of the district.

B. The insurance refund fund of a school district is a continuing fund not subject to reversion. Monies from the insurance refund fund may:

1. Be expended for insurance premium payments.

2. Be placed into a trust to be used for payments of uninsured losses, claims, defense costs and other related expenses as provided in § 15-382.

3. Be used for reduction of taxes in the budget year.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 15. Education § 15-386. Insurance refund fund - last updated January 01, 2025 | https://codes.findlaw.com/az/title-15-education/az-rev-st-sect-15-386/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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