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The City of Casa Grande Health Care Benefits Trust and Trust Fund is hereby established for the purpose of providing for direct payment of the health benefits established within the health benefits plan for the benefit of its participants. All monies received by the city for the purpose of funding the health benefits plan shall be deposited into the trust fund, including all health care premiums, contributions, credits, rebates, refunds and such monies as the city may deposit at the inception of the trust through the budget process, plus all the earnings, income, gains, appreciation and all other increments of any nature from the foregoing. The fund shall continue from year to year without lapse until and unless the city terminates the self-funded insurance plan as set forth in Section 2.42.070. Pursuant to state law, the trust fund, itself, shall not be subject to the budgeting requirements of Title 42, Chapter 17, Article 3 of the Arizona Revised Statutes.
(Ord. 1397.02.14 § 1 (part), 2017)