Reserve funds for self-insurance

75 ILCS 16/30-55.85 — under Public Library District Act of 1991.

75 ILCS 16/30-55.85

(75 ILCS 16/30-55.85)

Sec. 30-55.85. Reserve funds for self-insurance. The board may accumulate and set apart as reserve funds portions of the unexpended balances of the proceeds received from taxes or other sources, for the purpose of providing self-insurance against liabilities of the district.

(Source: P.A. 87-1277.)