§ 12-2 Creation of Fund; funding.

Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.

Balt., Md., Code art. 5, § 12-2 (2026)

(a)Fund created.

There is created a Self-Insurance Fund.

(b)Funding.

(1)

The initial funding shall be such amounts as may be provided:

(i)

by the Fiscal Year 1987 Ordinance of Estimates;

(ii)

such supplementary appropriation ordinance(s) that may be enacted for this purpose; and

(iii)

from transfer of existing insurance reserves.

(2)

In succeeding years the Fund shall be replenished or augmented as may be required.

(3)

The Fund shall not exceed $27,000,000.

History: Ord. 86-750