The monies held in this fund may be used for the following purposes:
(A) To pay the premiums for any medical insurance policies purchased by the town for the benefit of the town's employees and their qualified dependents;
(B) To pay the Town's share of any medical reimbursement plan obligations; and
(C) To pay any administrative costs and expenses related to the administration of any group health plans as may be incurred from time to time.
(Ord. 1991-29, passed - -91)