(A) There is hereby crated in the office of Auditor of Tippecanoe County a separate fund to be known as the Health Self-Insurance Rainy Day Fund.
(B) Monies may be deposited into the Fund from donations, transfers and from such other sources as may be determined by the County Council from time to time.
(C) Monies may be expended from the Fund by the Board of Commissioners subject to appropriation by the County Council, for the purpose of providing health insurance coverage and healthcare for the county’s employees, including without limitation thereby, payment of insurance premiums, self-insured health insurance expenses and operational costs for the county employee’s health clinic.
(Res. 2013-23-CM, passed 8-5-13)