An action brought pursuant to Section 161.06 shall be commenced no later than two years after the cause of action arising under this chapter accrues. A cause of action arising under this chapter accrues upon the entry of a money judgment against the officer or employee if the time for filing an appeal in the action lapses without the filing of an appeal, upon the conclusion of the final appeal in any action in which a money judgment is entered against the officer or employee if an appeal is filed in the action, or upon execution of any settlement agreement requiring payment of money by the officer or employee.
(Ord. 9-1988. Passed 6-20-88.)