Permits the Fulton city school district to establish an insurance reserve fund

This bill authorizes the Fulton City School District to create an insurance reserve fund specifically for covering losses, claims, or legal judgments related to insured risks. It allows the district to use money from this fund to pay for such claims without needing to go through the standard budgeting process for each individual expense. The legislation includes a list of other specific school districts that are also permitted to establish similar funds under the same rules. By enabling these districts to set aside money for future insurance-related costs, the bill provides a financial mechanism to manage potential liabilities more efficiently.