Authorizes the Holland central school district to establish an insurance reserve fund for any loss, claim, action or judgment for which such school district is authorized or required to purchase or maintain insurance for the kinds of risks for which insurance is authorized.

This bill allows certain school districts to establish and use insurance reserve funds for specific types of risks. If passed, these school districts would be able to use these funds for losses or claims related to insurance they are required to purchase, with some exceptions. This change would provide these districts with more flexibility in managing their insurance-related finances.

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