[Adopted 4-13-2005 by L.L. No. 4-2005 (Ch. 23, Art. V, of the 1995 Code)]
This article is entitled "Workers' Compensation Reserve Fund of the Town of Ogden."
This article is established pursuant to the authority granted to the Town Board pursuant to § 55 of the Town Law and § 6-j of the General Municipal Law of the State of New York.
The specific object or purpose of this article is to establish a Workers' Compensation Reserve Fund for the purposes of funding payment of compensation and benefits, medical, hospital or other expenses authorized by Article 2 of the Workers' Compensation Law and the expenses of administering the self-insurance program of the Town of Ogden relating thereto.
Any expenditure from the fund shall only be made in accordance with the provisions of § 6-j of the General Municipal Law of the State of New York.