[HISTORY: Adopted by the Town Board of the Town of Orchard Park 10-1-2003 by L.L. No. 3-2003. Amendments noted where applicable.]
The Town Board does hereby authorize the establishment of a reserve fund, pursuant to § 6-j of the General Municipal Law, to be known as the "Workers' Compensation Reserve Fund."
The fund shall be created in 2003 with the deposit of $500,000. In each successive year, the sum of $100,000 shall be deposited in the fund until the fund reaches the sum of $1,000,000. Thereafter, the fund shall be replenished annually so that the fund continues to be in the sum of $1,000,000.