Effective June 28, 2011, the city established the City of Tucson Self Insured Risk Trust Fund following approval by the mayor and council. The trust fund is a funding mechanism for the areas of potential liability described in the trust agreement as approved by the mayor and council. Initially the trust shall provide a funding source for workers' compensation and general public liability. The trust shall cover such other areas as are permitted by law and may be authorized by the annual appropriation of funds by the mayor and council. The trust shall provide separate accounting for the areas of coverage but shall not segregate funds within the trust. The finance director shall segregate all funds previously and hereinafter budgeted for trust purposes and maintain the trust separately from the city general fund.
(Ord. No. 11832, § 2, 5-4-21)