(a) 
Money may be withdrawn from the fund or funds only for the following purposes:
(1) 
To reimburse the city for administrative expenses;
(2) 
To pay any program claim;
(3) 
To compromise or settle a claim in accordance with section 27A-114 of this article;
(4) 
To pay any funds or fund surplus to the city;
(5) 
To retire (by scheduled payment, prepayment, defeasance, or otherwise) any obligation of the city incurred in connection with providing funding for the funds;
(6) 
To reimburse the city for any payment made under any agreement to provide funding for the funds that is permitted to be paid to the city pursuant to such agreement, or, to the extent and under the terms and conditions provided in such agreement, to cure a default in payment by the city under such agreement; or
(7) 
After the termination date, to establish a reserve, in an amount determined by the city council, for the payment of unsatisfied program claims made or asserted prior to the termination date, and to pay the balance into the general fund of the city.
(b) 
No withdrawal from the funds may be made except in accordance with this article.
(c) 
Money may not be withdrawn from the funds to make any excluded payment.
(Ordinance 5847, § 1(3.01), adopted 8/23/1990)
(a) 
Subject to the restrictions and limitations provided by this article, the determination of whether money in the funds is to be withdrawn is in the discretion of the claims board.
(b) 
An aggregate amount exceeding ninety thousand dollars ($90,000.00) may not be withdrawn from the fund to pay the program claims of any one (1) claimant that arise from the same occurrence unless the city council approves a greater amount for that purpose.
(Ordinance 5847, § 1(3.02), adopted 8/23/1990)
(a) 
The aggregate amount of withdrawals from the fund to pay all corporate general liability claims that arise from any one (1) occurrence may not exceed the following amounts for the following respective classifications of corporate general liability claims:
(1) 
For personal injury claims: $250,000.00 per person/$500,000.00 per occurrence;
(2) 
For property damage claims: $100,000.00 per occurrence;
(3) 
For advertising injury claims: $250,000.00 per person/ $500,000.00 per occurrence;
(4) 
For regulatory injury claims: $100,000.00 per occurrence.
(b) 
The aggregate amount of withdrawals from the fund to pay all assumed general liability claims that arise from any one (1) occurrence may not exceed five hundred thousand dollars ($500,000.00).
(c) 
The aggregate amount of withdrawals from the fund for any one (1) annual period to pay program general liability claims may not exceed one million dollars ($1,000,000.00).
(d) 
Subject to subsection (f) of this section, the aggregate amount of withdrawals from the fund to pay workers' compensation payments that arise from any one (1) occurrence may not exceed five hundred thousand dollars ($500,000.00).
(e) 
Subject to subsection (f) of this section, the aggregate amount of withdrawals from the workers' compensation fund for any one (1) annual period to pay workers' compensation payments may not exceed one million dollars ($1,000,000.00).
(f) 
A withdrawal from the funds may be made that causes the limit on aggregate withdrawals prescribed by subsections (d) or (e) of this section to be exceeded if such withdrawal does not render the fund actuarially unsound, as determined by a professional actuary.
(Ordinance 5847, § 1(3.05), adopted 8/23/1990)
The director of financial services shall direct the investment of money in the fund in investments that are eligible as lawful investments for other public funds of the city.
(Ordinance 5847, § 1(3.06), adopted 8/23/1990; Ordinance 7348, § 5, adopted 10/22/1998)