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Utah Code Title 63G. General Government § 63G-7-703. Reserve funds for payment of claims or purchase of insurance created by political subdivisions

Current as of May 05, 2022 | Updated by FindLaw Staff

Any political subdivision may create and maintain a reserve fund or, may jointly with one or more other political subdivisions, make contributions to a joint reserve fund, for the purpose of:

(1) making payment of claims against the cooperating subdivisions when they become payable under this chapter; or

(2) for the purpose of purchasing liability insurance to protect the cooperating subdivisions from any or all risks created by this chapter.

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Cite this article: FindLaw.com - Utah Code Title 63G. General Government § 63G-7-703. Reserve funds for payment of claims or purchase of insurance created by political subdivisions - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-63g-general-government/ut-code-sect-63g-7-703/

Read this complete Utah Code Title 63G. General Government § 63G-7-703. Reserve funds for payment of claims or purchase of insurance created by political subdivisions on Westlaw. Westlaw subscription required.

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